Q1: The distinction between indirect and direct costs depends on:
| a. whether a cost differs between alternatives. |
| b. whether a cost is variable or fixed. |
| c. whether a cost is a product or a period cost. |
| d. whether a cost can be easily traced to the cost object under consideration. |
Q2. Which of the following would usually be found on a job cost sheet under a normal cost system?
| a) Item A |
| b) Item B |
| c) Item C |
| d) Item D |
Q3: What source document is used to determine the actual amount of direct materials to record on a job cost sheet?
| A)bill of materials |
| B)production order |
| C)materials purchase order |
| D)materials requisition form |
| Q4 : The following data have been recorded for recently completed Job 450 on its job cost sheet. Direct materials cost was $3,044. A total of 46 direct labor-hours and 104 machine-hours were worked on the job. The direct labor wage rate is $15 per labor-hour. The company applies manufacturing overhead on the basis of machine-hours. The predetermined overhead rate is $13 per machine-hour. The total cost for the job on its job cost sheet would be: |
| a) | $4,332 |
| b) | $3,734 |
| c) | $3,072 |
| d) | $5,086 |
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