ACC 349 Final Exam

In this work ACC 349 Final Exam you will find right answers on the following questions:

1) What is the best way to handle manufacturing overhead costs in order to get the most timely job cost information?

2) At the end of the year, manufacturing overhead has been overapplied. What occurred to create this situation?

3) Luca Company overapplied manufacturing overhead during 2006. Which one of the following is part of the year end entry to dispose of the overapplied amount assuming the amount is material

4) Which of the following would be accounted for using a job order cost system?

5) Which one of the following is NEVER part of recording the issuance of raw materials in a job order cost system?

6. What is unique about the flow of costs in a job order cost system?

7) Which one of the following costs would be included in manufacturing overhead of a lawn mower manufacturer?

8) What broad functions do the management of an organization perform?

9) Which of the following represents the correct order in which inventories are reported on a manufacturer