# Accounting 202: Trivia Quiz! Exam

11 Questions | Attempts: 983
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During the manufacturing of a product, different factors go into choosing what input to use during manufacturing a product. Take up this quiz on overhead costs when it comes to job costing and see if you are prepared for the upcoming test. All the best as you tackle it!

• 1.
Which comes third in the flow of costs?
• A.

Cost of goods sold

• B.

Finished goods inventory

• C.

Raw materials inventory

• D.

Work in process inventory

• 2.
Which comes last in the flow of costs?
• A.

Cost of goods sold

• B.

Finished goods inventory

• C.

Raw materials inventory

• D.

Work in process inventory

• 3.
Payroll costs for factory employees who do NOT work directly on the product are considered:
• A.

Direct labor

• B.

• C.

Selling expenses

• D.

• 4.
An estimated manufacturing overhead rate computed before the year begins is a(n):
• A.

Cost allocation

• B.

Cost driver

• C.

• D.

• 5.
Assigning manufacturing overhead costs and other indirect costs is called:
• A.

Cost allocation

• B.

Cost driver

• C.

Materials requisition

• D.

• 6.
Manufacturers follow four steps to implement a manufacturing overhead allocation system.  The last step is to:
• A.

Select an allocation base and estimate the total amount that will be used during the year

• B.

Allocate some manufacturing overhead to each individual job

• C.

Estimate total manufacturing overhead costs for the coming year

• D.

Calculate a predetermined manufacturing overhead rate

• 7.
Manufacturers follow four steps to implement a manufacturing overhead allocation system.  The first step is to:
• A.

Select an allocation base and estimate the total amount that will be used during the year

• B.

Allocate some manufacturing overhead to each individual job

• C.

Estimate total manufacturing overhead costs for the coming year

• D.

Calculate a predetermined manufacturing overhead rate

• 8.
Manufacturers follow four steps to implement a manufacturing overhead allocation system.  Which step is NOT performed before the year begins?
• A.

Select an allocation base and estimate the total amount that will be used during the year.

• B.

Allocate some manufacturing overhead to each individual job.

• C.

Estimate total manufacturing overhead costs for the coming year.

• D.

Calculate a predetermined manufacturing overhead rate.

• 9.
Manufacturing overhead is allocated on the basis of
• A.

Machine hours

• B.

Direct labor hours

• C.

Direct labor costs

• D.

Any of the above

• 10.
Allocating manufacturing overhead costs is done:
• A.

Before the period starts

• B.

During the period

• C.

At the end of the period

• D.

At none of these times

• 11.
Computing the predetermined manufacturing overhead rate is done:
• A.

Before the period starts

• B.

During the period

• C.

At the end of the period

• D.

At any time