# Accounting 202 - Chapter 5.3

8 Questions | Total Attempts: 73  Settings  Process costing is very different from job costing. While one is the accumulation of dingle costs throughout the process the other is an accumulation of all cost involved for a process. Do you believe you can distinguish the two? Take up the quiz below and find out. All the best!

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• 1.
Direct labor costs plus manufacturing overhead costs equal:
• A.

Prime costs.

• B.

Operating costs.

• C.

Equivalent costs.

• D.

Conversion costs.

• 2.
A system for assigning costsfor products made in a continuous processis:
• A.

Job costing

• B.

Process costing

• C.

Equivalent units costing

• D.

Conversion cost costing

• 3.
In a process costing system, manufacturing costs are usually combined into two categories:
• A.

Direct materials and conversion costs.

• B.

Direct labor and conversion costs.

• C.

• D.

Direct materials and direct labor.

• 4.
The cost per equivalent unit is computed as
• A.

Total costs to account for divided by total equivalent units

• B.

Total equivalent units divided by total costs to account for

• C.

Costs in beginning WIP inventory divided by equivalent units in beginning WIP

• D.

Costs added to production during the month divided by equivalent units in ending WIP

• 5.
For which of the following do we prepare calculations for equivalent units?
• A.

Both direct labor and manufacturing overhead

• B.

Both direct labor and direct materials

• C.

Both direct materials and conversion costs

• D.

Neither direct materials nor conversion costs

• 6.
A transfer of \$24,000 from the assembly department to the packaging department would require the entry of a:
• A.

Debit to finished goods inventory

• B.

Debit to WIP inventory-assembly

• C.

Credit to raw materials inventory

• D.

Credit to WIP inventory-assembly

• 7.
The entry to record actual manufacturing overhead costs incurred in a process department would include a:
• A.

• B.

Debit to WIP inventory

• C.

• D.

Credit WIP inventory

• 8.
The entry to record the use of direct materials in production would include a:
• A.

Debit to WIP inventory

• B.

Debit to raw materials inventory

• C.

Debit to finished goods inventory

• D.

Credit to finished goods inventory