Financial Accounting > TEST BANK > 2021-Test Bank-ACCOUNTING 2230-Management Accounting (All)

2021-Test Bank-ACCOUNTING 2230-Management Accounting

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1. (Appendix 4A) Among which is named statements referring to a job done report is not correct? A. Following amount schedule deals what physical units, not whole units. B. Following total "Summing... up to to be accounted for" must equal following total cost of following unitscompleted and transferred out, plus following cost of following ending job done-in-continuation inventory. C. Following equivalent units in following ending job done-in-continuation inventory will be different iffollowing weighted-average method is used than it will be if following FIFO method is used. D. Following total of following "Units to be accounted for" will equal following total of following "Unitsaccounted for."2. Assume that following re is no beginning job done-in-continuation inventory, and following endingjob done-in-continuation inventory is 4. (Appendix 4A) If a organization uses two different unit cost figures to costtransfers from one department to anofollowing r under a continuation costing system, following n among which is named statements is reasonable to assume? A. Following re was no beginning job done-in-continuation inventory. B. Continuationing centres are arranged in a sequential pattern. C. Following FIFO cost method is being used. D. Following weighted-average cost method is being used.50% complete what respect to conversion summing up to. What would be following number of equivalent units of job done what respect to conversion summing up tounder following weighted-average method? A. Following same as following units completed. B. Following same as following units started during following period. C. Less than following units completed. D. Less than following units started during following period5. For among which is named industries would it NOT be appropriate to usecontinuation costing? A. Custom furniture building. B. Oil refining. C. Grain milling. D. Newsprint job done [Show More]

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