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CHAPTER 2
Job-Order Costing for Manufacturing and Service Companies
Summary of Questions by Objectives and Bloom’s Taxonomy
Item SO BT Item SO BT Item SO BT Item SO BT Item SO BT
True-False Statements
1. 1 K 7. 2 K 13. 4 C 19. 6 K 25. 8 C
2. 1 K 8. 3 K 14. 4 C 20. 6 K 26. 9 K
3. 1 K 9. 3 K 15. 5 K 21. 6 K 27. 9 K
4. 1 K 10. 3 K 16. 5 K 22. 8 K 28. 10 K
5. 1 K 11. 3 K 17. 6 K 23. 8 C 29. 10 K
6. 1 K 12. 4 K 18. 6 K 24. 8 C
Multiple Choice Questions
30. 1 K 55. 3,6 AP 80. 6 AP 105. 6,7 AP 130. 8 AP
31. 1 K 56. 3,5 AP 81. 6 AP 106. 6,7 AP 131. 8 AP
32. 1 C 57. 3,5 AP 82. 6 AP 107. 6,7 AP 132. 8 AP
33. 1 C 58. 3,5 AP 83. 6,7 AP 108. 6 AP 133. 8 AP
34. 1 C 59. 3,6 AP 84. 6 K 109. 6,7 AP 134. 8 AP
35. 1 C 60. 3,6 AP 85. 6 K 110. 6 AP 135. 8 AP
36. 1 C 61. 3,6 AP 86. 6 K 111. 8 AP 136. 8 AP
37. 1 K 62. 3,6 AP 87. 6 C 112. 6 AP 137. 8 AP
38. 1 C 63. 3,6 AP 88. 6 K 113. 6 AP 138. 8 AP
39. 1 C 64. 3,6 AP 89. 6 K 114. 8 AP 139. 7 AP
40. 2 K 65. 4 C 90. 6 K 115. 7 C 140. 8 AP
41. 2 K 66. 4 C 91. 6 K 116. 7 C 141. 7 AP
42. 2 K 67. 4 K 92. 6 K 117. 7 AP 142. 8 AP
43. 3 C 68. 5 K 93. 6 AP 118. 7,8 AP 143. 9 K
44. 3 K 69. 6 K 94. 6 K 119. 8 K 144. 10 K
45. 3 AP 70. 6 AP 95. 6 K 120. 8 C 145. 10 C
46. 3 AP 71. 6 AP 96. 6,7 K 121. 8 C 146. 10 K
47. 3 AP 72. 6 AP 97. 6,7 K 122. 8 C 147. 10 K
48. 3,5 AP 73. 6 AP 98. 6,7 K 123. 8 AP 148. 10 K
49. 3,5 AP 74. 6 AP 99. 6 AP 124. 8 AP 149. 10 K
50. 3,5 AP 75. 7 AP 100. 6,7 AP 125. 8 AP 150. 10 C
51. 3,5 AP 76. 7 AP 101. 6,7 AP 126. 8 AP
52. 3,5 AP 77. 6 AP 102. 6,7 AP 127. 7 AP
53. 3,5 AP 78. 6 AP 103. 6,7 AP 128. 8 AP
54. 3,5 AP 79. 6 AP 104. 6,7 AP 129. 7 AP
Matching
151. 1-10 K
Exercises
152. 3 AP 155. 6 AP 158. 6,7 AP 161. 6,7 AP 164. 8 AP
153. 3 AP 156. 6 AP 159. 6,7 AP 162. 6,7 AP 165. 8 AP
154. 4 K 157. 6 AP 160. 6,7 AP 163. 8 AP 166. 9 AP
Challenge Exercises
167. 2,3 AP 168. 1-8 AP 169. 6-8 AP
Short-Answer Essays
170. 1 C 172. 1 K 174. 7 C 176. 10 C 178. 6 C
171. 1 K 173. 4 K 175. 9 C 177. 10 C
TRUE-FALSE
1. All costs other than direct materials, direct labor, indirect materials, and indirect labor are
classified as period costs.
2. The wages of a factory machine maintenance worker are classified as direct labor.
5. Period costs are identified with accounting periods rather than with goods produced.
6. Rent of the office building for the sales staff is a period cost.
7. Raw Materials Inventory, Work in Process Inventory, and Cost of Goods Sold will appear on a
company’s balance sheet.
10. Indirect labor is added directly to the Work in Process account in a job-order costing system.
12. Process costing systems are generally used by companies that produce large quantities of
identical items.
13. A company that builds custom homes would likely use a process costing system.
14. A company that designs advertising campaigns for other companies would likely use job-order
costing.
15. In a job-order costing system, the Finished Goods account includes the cost of all jobs completed
and sold during an accounting period.
16. In a job-order costing system, the Cost of Goods Sold account consists of costs transferred out of
the Finished Goods account.
17. A job cost sheet is a form used to accumulate costs of a particular job in a job-order costing
system.
18. When overhead is applied to jobs, Manufacturing Overhead is debited and Work in Process is
credited.
19. In a job-order costing system, the Cost of Goods Manufactured account is increased and the
Finished Goods account is decreased when a job is completed.
20. In a job-order costing system, Work in Process is debited and Finished Goods is credited when a
job is sold.
Chapter 2 Job-Order Costing for Manufacturing and Service Companies 2-3
21. Increases in overhead costs should be driven by increases in the overhead allocation base.
22. Underapplied overhead occurs when actual overhead is greater than the amount of overhead
applied to jobs.
23. If the amount of over- or under-applied overhead is material, the amount should be closed to
Work in Process.
24. If the amount of overapplied overhead is not material, the amount should be closed to Cost of
Goods Sold.
25. If overhead is underapplied, closing it to Cost of Goods Sold will increase income.
26. Job-order costing is often used by service companies, such as lawyers who need to determine the
cost of lawsuit or consultants who need to determine the cost of an engagement.
27. Because H&R Block provides no materials when it completes a tax return for a client, it does not
assign overhead costs to each tax return client.
28. The use of computer-controlled manufacturing systems has had a significant effect on the
composition of product costs.
1 F 7 F 13 F 19 F 25 F
2 F 8 F 14 T 20 F 26 T
3 T 9 T 15 F 21 T 27 F
4 F 10 F 16 T 22 T 28 T
5 T 11 T 17 T 23 F 29 T
6 T 12 T 18 F 24 T
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[256]Ib., p. 165.
[257]“Modern Abyssinia,” p. 224.
[258]Compare, e.g., his remark on p. 223, “They have any
amount of pluck,” with Parkyns’s comments quoted on p. 24 of
this book.
[259]E.g. p. 222.
[260]Ib., p. 216.
[261]Eyre and Spottiswoode.
[262]Cf. p. 308.
[263]Mr. Wylde describes the Ras as “by far the cleverest and
most enlightened man that the country possesses.” He is a
possible successor to the Abyssinian throne.
[264]Colonel Rochfort’s Report.
APPENDIX
LEPIDOPTERA.
NYMPHALIDAE.
Danainae: Limnas chrysippus (Linn.) ♀. The ground
colour of the pale tint characteristic of
1
Oriental specimens and usually replaced by
a much darker shade in African.
Danainae: L. chrysippus (Linn.) var. alcippus (Cram.) ♂♂.
2
Typical.
Nymphalinae: 1 Neptis agatha (Cram.).
1 Precis cebrene (Trim.).
PAPILIONIDAE.
Pierinae: 1 Catopsilia florella (Fabr.) ♂.
2 Colias electra (Linn.) ♂ ♀.
Terias brigitta (Cram.) ♂ ♂ ♀.
3
Dry season forms; not extreme.
3 Eronia leda (Boisd.) ♂ ♀ ♀.
One of these females has an orange apical
patch on the forewing, almost as distinct as
that of the male.
1 Pinacopteryx sp. ?
A female, rather worn; simulating Mylothris
agathina ♀.
Probably a new species, but being in poor
condition and a single specimen it would not
be advisable to describe it.
1 Belenois severina (Cram.) ♀. Dry season form.
1 Phrissura sp. ♂.
A male, of the P. sylvia group. This form of
Phrissura has not previously been recorded
from any part of East Africa.
Papilioninae: 8 Papilio demodocus (Esp.).
HYMENOPTERA.
1 Dorylus fimbriatus (Shuck.) ♂.
COLEOPTERA.
LAMELLICORNIA.
Scarabaeidae: Oniticellus inaequalis (Reiche).
1
Only known from Abyssinia.
Cetoniidae: 1 Pachnoda abyssinica (Blanch.).
1 Pachnoda stehelini (Schaum).
Both Abyssinian species.
PHYTOPHAGA.
Cassididae: 1 Aspidomorpha punctata (Fab.).
HETEROMERA.
Cantharidae: 2 Mylabris, probably a new species.
NEUROPTERA.
1 Nemoptera, probably a new species.
ORTHOPTERA.
Acridiidae: 1 Cyrtacanthacris
sp.
1 Phymateus brunneri? (Bolivar).
1 Phymateus leprosus (Fab.).
1 Petasia anchoreta (Bolivar).
Mantidae: 1 Sphodromantis bioculata (Burm.).
1 Chiropus aestuans? (Sauss.).
In addition to the above, Dr. Hayes presented three insects
captured by him at Gedaref in the Soudan, including a pair of a
magnificent new species of Buprestid beetle of the genus
Sternocera, taken in coitu. This species has recently been described,
from Dr. Hayes’ specimen and two others in the British Museum, by
Mr. C. O. Waterhouse, who has given it the name Sternocera druryi
(“Ann. Mag. Nat. Hist.” Oct., 1904, p. 247). The third insect is an
example of a Cantharid beetle, which does great damage to the
crops at Gadarif. Its determination as Mylabris hybrida (Bohem.) is
therefore a matter of some importance.
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