A product requires processing in two departments, Department A and then Department B, before it is completed

A product requires processing in two departments, Department A and then Department B, before it is completed. Costs transferred out of Department A will be transferred to
            Manufacturing Overhead.
            Finished Goods Inventory.
            Cost of Goods Sold.
            Work in Process—Department B.
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A production cost report

A production cost report
            is prepared for each product.
            will not identify a specific department if more than one department is involved in the production process.
            will show quantity and cost data for a production department.
            is prepared from a job cost sheet.
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Total units to be accounted for less units in beginning work in process equals

Total units to be accounted for less units in beginning work in process equals
            equivalent units.
            total units accounted for.
            units transferred out.
            units started into production.

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Equivalent units are calculated by

Equivalent units are calculated by
            dividing physical units by the percentage of work done.
            multiplying the percentage of work done by the equivalent units of output.
            multiplying the percentage of work done by the physical units.
            dividing equivalent units by the percentage of work done.

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A primary driver of overhead costs in continuous manufacturing operations is

A primary driver of overhead costs in continuous manufacturing operations is
            direct labor dollars.
            machine hours.
            machine maintenance dollars.
            direct labor hours.

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Which of the following manufacturing cost elements occurs in a process cost system

Which of the following manufacturing cost elements occurs in a process cost system?
            Direct materials
            Direct labor
            Manufacturing overhead
            All of these

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Differences between a job order cost system and a process cost system include all of the following except the

Differences between a job order cost system and a process cost system include all of the following except the
            unit cost computations.
            point at which costs are totaled.
            documents used to track costs.
            flow of costs

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A process cost accounting system is most appropriate when

A process cost accounting system is most appropriate when
            a variety of different products are produced, each one requiring different types of materials, labor, and overhead.
            the focus of attention is on a particular job or order.
            similar products are mass-produced.
            individual products are custom made to the specification of customers.

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