管理会计作业文档格式.docx

1、 2 Objective: The averaging process is used to calculate unit costs in process costing.3. Process-costing systems separate costs into cost categories according to the timing of when costs are introduced into the process.4. Estimating the degree of completion for the calculation of equivalent units i

2、s usually easier for conversion costs than it is for direct materials. equivalent units Estimating the degree of completion is easier for the calculation of direct materials since direct materials can be measured more easily than conversion costs.5. Process costing would be most likely used by a fir

3、m that produces heterogeneous products. process costing Process costing would be most likely used by a firm that produces homogeneous products.6. The last step in a process-costing system is to determine the equivalent units for the period. 2 The last step in a process-costing system is to assign th

4、e costs incurred to completed units and to units in ending work in process.7. Equivalent units are calculated separately for each input. 38. In a process-costing system, there is always a separate Work-in-Process account for each different process.9. Process-costing journal entries and job-costing j

5、ournal entries are similar with respect to direct materials and conversion costs. 410. The accounting （for a bakery） entry to record the transfer of rolls from the mixing department to the baking department is: Work in Process-Mixing Department Work in Process-Baking Department The correct accountin

6、g entry is the opposite of the entry shown here.11. The weighted-average process costing method does not distinguish between units started in the previous period but completed during the current period and units started and completed during the current period. 5 weighted-average process-costing meth

7、od12. Equivalent units in beginning work in process + equivalent units of work done in the current period equals equivalent units completed and transferred out in the current period minus equivalent units in ending work in process. The second part of the equation should be: equivalent units complete

8、d and transferred out in the current period PLUS equivalent units in ending work in process.13. In the weighted-average costing method, the costs of direct materials in beginning inventory are not included in the cost per unit calculation since direct materials are almost always added at the start o

9、f the production process. The costs of the direct materials are included in the cost per unit calculation.14. The weighted-average cost is the total of all costs entering the Work-in-Process account （whether they are from beginning work-in-process or from work started during the current period） divi

10、ded by total equivalent units of work done to date.15. The equivalent units are not needed in a weighted-average system, because all costs are just averaged. equivalent units, weighted-average process-costing method The equivalent units are needed in a weighted-average system, even though all costs

11、are averaged.16. The cost of units completed can differ materially between the weighted average and the FIFO methods of process costing. 5, 6 weighted-average process-costing method, first-in, first-out （FIFO） process-costing method17. The first-in, first-out （FIFO） process costing method assigns th

12、e cost of the previous accounting periods equivalent units in beginning work-in-process inventory to the first units completed and transferred out of the process. 6 first-in, first-out （FIFO） process-costing method18. A distinctive feature of the FIFO process costing method is that the work done on

13、beginning inventory before the current period is averaged with work done in the current period. first-in, first-out （FIFO） process-costing method A distinctive feature of the FIFO process costing method is that the work done on beginning inventory before the current period is kept separate from work

14、 done in the current period.19. The FIFO process costing method merges the work and the costs of the beginning inventory with the work and the costs done during the current period. FIFO only includes the work done during the current period.20. The first-in, first-out process-costing method assumes t

15、hat units in beginning inventory are completed during the current accounting period. MULTIPLE CHOICE21. Costing systems that are used for the costing of like or similar units of products in mass production are called: a. inventory-costing systems b. job-costing systems c. process-costing systems d.

16、weighted-average costing systems c Difficulty:22. Which of the following manufactured products would not use process costing? a. 767 jet aircraft b. 19-inch television sets c. Custom built houses d. Both a and c are correct. d Difficulty:23. Process costing should be used to assign costs to products

17、 when the: a. units produced are similar b. units produced are dissimilar c. calculation of unit costs requires the averaging of unit costs over all units produced d. Either a or c are correct.24. Which one of the following statements is true? a. In a job-costing system, individual jobs use differen

18、t quantities of production resources. b. In a process-costing system each unit uses approximately the same amount of resources. c. An averaging process is used to calculate unit costs in a job-costing system. d. Both a and b are correct.25. Conversion costs: a. include all the factors of production

19、b. include direct materials c. in process costing are usually considered to be added evenly throughout the production process d. Both b and c are correct.26. An example of a business which would have no beginning or ending inventory but which could use process costing to compute unit costs would be

20、a: a. clothing manufacturer b. corporation whose sole business activity is processing the customer deposits of several banks c. manufacturer of custom houses d. manufacturer of large TVs b Difficulty:27. Which of the following statement（s） concerning conversion costs is correct? a. Estimating the de

21、gree of completion of direct materials in a partially completed unit is usually easier to calculate than estimating the degree of completion for conversion costs. b. The calculation of equivalent units is relatively easy for the textile industry. c. Estimates are usually not considered acceptable. d

22、. Both （b） and （c） are correct. a Difficulty: process-costing system, equivalent units28. The purpose of the equivalent-unit computation is to: a. convert completed units into the amount of partially completed output units that could be made with that quantity of input. b. assist the business in det

23、ermining ending inventory. c. convert partially completed units into the amount of completed output units that could be made with that quantity of input.29. In a process-costing system, the calculation of equivalent units is used for calculating: a. the dollar amount of ending inventory b. the dolla

24、r amount of the cost of goods sold for the accounting period c. the dollar cost of a particular job30. When a bakery transfers goods from the Baking Department to the Decorating Department, the accounting entry is a. Work in Process Baking Department Work in Process Decorating Department b. Work in Process Decorating Department Accounts Payable c. Work in Process Decorating De