ACCT 102-19,20,22,24 A job order cost accounting system would best fit the needs of a company that makes: A. Shoes and apparel. B. Paint. C. Cement. D. Custom machinery. E. Pencils and erasers. 2. Dell Builders manufactures each house to customer specifications. It most likely would use: A. Capital process costing. B. A periodic inventory system. C. Unique costing. D. Job order costing. E. Activity-based costing. 3. A document in a job order cost accounting system that is used to record the costs of producing a job is a(n): A. Job cost sheet. B. Job lot. C. Finished goods summary. D. Process cost system. E. Units-of-production sheet. 4. The job order cost sheets used by Garza Company revealed the following: Job No. 125 was completed during May and Jobs No. 124 and 125 were shipped to customers in May. What were the company’s cost of goods sold for May and the goods in process inventory on May 31? A. $3,200; $ 900. B. $2,900; $1,200. C. $1,200; $2,900. D. $1,700; $1,200. E. $4,100; $ 0. 5. The Goods in Process Inventory account of a manufacturing company that uses an overhead rate based on direct labor cost has a $4,400 debit balance after all posting is completed. The cost sheet of the one job still in process shows direct material cost of $2,000 and direct labor cost of $800. Therefore, the company’s overhead application rate is: A. 40%. B. 50%. C. 80%. D. 200%. E. 220%. 6. A source document that production managers use to request materials for production and that is used to assign materials costs to specific jobs or to overhead is a: A. Job cost sheet. B. Production order. C. Materials requisition. D. Materials purchase order. E. Receiving report. 7. A source document that an employee uses to record the number of hours at work and that is used to determine the total labor cost for each pay period is a: A. Job cost…
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