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  • A. Manufacturing Cost Accounting System: Chapter 8 Direct Materials and Labor

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    Arjay Datoon Villanueva
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    The document discusses different manufacturing cost accounting systems and their uses. It covers direct materials and labor. Specifically: - A job order system is used for manufacturing products to specific customer orders or unique products. It assigns costs to jobs rather than cost centers. - A process cost system assigns costs to cost centers rather than particular jobs. It allows reduced record keeping for job cost reporting. - Manufacturing cost accounting and cost analysis are used primarily for planning, performance measurement, and control of costs. Supplying cost data for these purposes is a critical reason for cost accounting systems.

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    Financial Controllorship

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    Sir-RJ

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    The document discusses different manufacturing cost accounting systems and their uses. It covers direct materials and labor. Specifically: - A job order system is used for manufacturing products to specific customer orders or unique products. It assigns costs to jobs rather than cost centers. - A process cost system assigns costs to cost centers rather than particular jobs. It allows reduced record keeping for job cost reporting. - Manufacturing cost accounting and cost analysis are used primarily for planning, performance measurement, and control of costs. Supplying cost data for these purposes is a critical reason for cost accounting systems.

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    © All Rights Reserved
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    7 views2 pages

    A. Manufacturing Cost Accounting System: Chapter 8 Direct Materials and Labor

    Uploaded by

    Arjay Datoon Villanueva
    The document discusses different manufacturing cost accounting systems and their uses. It covers direct materials and labor. Specifically: - A job order system is used for manufacturing products to specific customer orders or unique products. It assigns costs to jobs rather than cost centers. - A process cost system assigns costs to cost centers rather than particular jobs. It allows reduced record keeping for job cost reporting. - Manufacturing cost accounting and cost analysis are used primarily for planning, performance measurement, and control of costs. Supplying cost data for these purposes is a critical reason for cost accounting systems.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    of 2

    Chapter 8 Direct Materials And Labor

    1. An integral part of the total management information systems.

    a. Manufacturing cost accounting system

    b. JIT manufacturing system

    c. Process cost system

    d. Job order system

    2. Normally is used for manufacturing products to a specific customer order or unique


    product.

    a. Process cost system

    b. Job order system

    c. JIT manufacturing system

    d. Manufacturing cost accounting system

    3. This system assigns cost to a cost center rather than to a particular job

    a. JIT manufacturing system

    b. Job order system

    c. Process cost system

    d. Manufacturing cost accounting system

    4. Allow the controller to reduce or eliminate the record keeping needed for job cost
    reporting.

    a. Manufacturing cost accounting system

    b. Process cost system

    c. Job order system

    d. JIT manufacturing stystem

    5. Is a primary use of manufacturing cost accounting and cost ananlysis.

    a. For planning and performance measurement

    b. For price setting

    c. For inventory valuation

    d. for control of cost

    6. Is the use of cost data for effective planning and performance measurement.

    a. For control of cost

    b. For planning and performance measurement


    c. For price setting

    d. For inventory valuation

    7. A critical reason for supplying cost data.

    a. For Control of cost

    b. For planning and performance measurement

    c. For price setting

    d. For inventory valuation

    8. One of the key objectives of a costing systems.

    a. For Control of cost

    b. For planning and performance measurement

    c. For price setting

    d. For inventory valuation

    9. This is refers to material that can be definetely or specifically charged to a particular


    product, process, or job and that becomes a component part of the finished product.

    a. Direct Material

    b. Machine efficiency

    c. Purchase price variances

    d. Head count

    10. The manufacturing manager will be encouraged to hire untrained contract workers,
    who may produce more scrap than full-time, better-trained employees.

    a. Direct Material

    b. Machine efficiency

    c. Purchase price variances

    d. Head count

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