Accounting 202: MCQ Quiz Exam!

Debit to manufacturing overhead

Debit to marketing expenses

Debit to work in process inventory

Credit to work in process inventory

Debit to cost of goods sold

Debit to finished goods inventory

Debit to work in process inventory

Debit to raw materials inventory

Debit to sales revenue and credit to accounts receivable

Debit to cost of goods sold and credit to finished goods inventory

Debit to finished goods inventory and credit to cost of goods sold

Debit to cost of goods sold and credit to sales revenue

Manufacturing overhead

Work in process inventory

Finished goods inventory

Wages payable

Finished goods inventory

Manufacturing overhead

Wages payable

Work in process inventory

Finished goods inventory

Raw materials inventory

Work in process inventory

Cost of goods manufactured

Credit to work in process inventory

Debit to accounts payable

Debit to raw materials inventory

Debit to work in process inventory

Indirect costs are traced to client jobs

Direct costs are allocated to client jobs

All costs are allocated to client jobs

Indirect costs are allocated to client jobs

Actual direct cost of providing the service

The allocation of indirect costs

The profit on the job

The billing rate and hours spent on the job

Billing rate.

Salary rate.

Wage rate.

Job rate.

Labor rate

Indirect cost allocation rate

Direct cost rate

Hourly cost rate