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Name: Which of the following costs is not relevant whenconsidering the closu
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Description: Which of the following costs is not relevant whenconsidering the closure of a department within afactory?direct materialsfixed overheadsvariable overheadsdirect labour

Business

Accounting

Which of the following costs is not relevant when considering the closure of a department within a factory?

Principles of Cost Accounting

17th Edition

ISBN:9781305087408

Author:Edward J. Vanderbeck, Maria R. Mitchell

Publisher:Edward J. Vanderbeck, Maria R. Mitchell

Chapter3: Accounting For Labor

Section: Chapter Questions

Problem 11Q: What are the sources for posting indirect labor cost to the indirect labor account in the factory...

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Similar questions

Which is not a step in analyzing the cost driver for manufacturing overhead? A. Identify the cost B. identify non-value-added costs C. analyze the effect on manufacturing overhead D. identify the correlation between the potential driver and manufacturing overhead
In determining the costs transferred to a third department from a second department, are the costs from a first department considered? Are they considered in the computation of the ending work in process in the second department?
The costs transferred from a prior process to a subsequent process are a. treated as another type of materials cost for the receiving department. b. referred to as transferred-in costs (for the receiving department). c. referred to as the cost of goods transferred out (for the transferring department). d. All of these. e. None of these.
Assigning indirect costs to specific jobs is completed by which of the following? applying the costs to manufacturing overhead using the predetermined overhead rate using the manufacturing costs incurred applying the indirect labor to the work in process inventory
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True or False. Over/under applied overhead must be closed and allocated to Cost of Goods Sold, Finished Goods and Raw Materials accounts, when the amount is considered material or significant.
"Total costs to account for" does NOT include which of the following costs? a.ending work-in-process balance b.direct materials requisitioned for the department c.prior department costs transferred in d.beginning work-in-process balance
mcqs Which of the following is correct with respect to closing out overapplied manufacturing overhead to Cost of Goods Sold versus closing it out to Work-in-Process Inventory, Finished Goods Inventory, and Cost of Goods Sold? a The balance in the Work-in-Process account after allocation will be higher if the overapplied overhead is closed out by allocating it to all appropriate accounts. b Cost of Goods Sold will be lower if the overapplied overhead is closed out by allocating it to the inventory accounts as well as to Cost of Goods Sold. c Operating income will be higher if all of the overapplied overhead is closed out to Cost of Goods Sold. d The balance in the Work-in-Process account after allocation will be the same under either method.
Which of the following is not used in assigning manufacturing costs to work in process inventory?a. Actual manufacturing overheadb. Time ticketsc. Materials requisitionsd. Predetermined overhead rate
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Identify the journal entry for abnormal wastage. a. Dr.Material inventory, Cr.Production overheads b. Dr.Costing profit and loss account, Cr.Work in process inventory c. Dr.Production overheads, Cr.Work in process inventory d. Dr.Material inventory, Cr.Work in process inventory