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Module 2 :Job Costing Multiple Choice Questions

Quiz by Marlene De Sormeaux

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3 questions
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  • Q1
    Which of the following is a similarity between job order costing and process costing?
    Costs are accumulated by departments
    Both are used to collect the cost of production
    Both utilise the job cost sheet
    Costs are accumulated by individual jobs
    45s
  • Q2
    The type of costing system would be MOST appropriate for a paint manufacturing company to calculate unit cost is
    Job Order Costing
    Activity Based Costing
    Process Costing
    Full Costing
    45s
  • Q3
    A service organisation would MOST likely use a predetermined overhead rate based on
    machine hours
    the number of complaints
    standard material cost
    direct labour hours
    45s

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