Material requisition is a document that supports the requirement of the material. This document is sent to store in charge and approved by:

Material requisition is a document that supports the requirement of the material. This document is sent to store in charge and approved by:

Store manager
Production manager
Supplier manager
Purchase manager


Over applied FOH will always result when a predetermined FOH rate is applied and:

Production is greater than defined capacity
Actual overhead costs are less than budgeted
Budgeted capacity is less than normal capacity
Actual overhead incurred is less than applied Overhead


Which of the following would be considered as factory overhead using a job order cost system?

Direct materials 
Direct labor
Depreciation on factory buildings
Salesperson's salary


At the end of the accounting period, a production department manager submits a production report that shows all of the following EXCEPT:

Number of units in the beginning work in process 
Number of units sold 
Number of units in the ending work in process and their estimated stage of completion 
Number of units completed 

 In order to compute equivalent units of production, which of the following must be reasonably estimated? 

Units 
The percentage of completion 
Direct material cost 
Units started and completed 


Which of the given cost does not become the part of cost unit?

Advertising expenses 
Direct labor cost 
Factory overhead cost 
Cost of raw material 


Which of the given cost becomes the part of cost unit?

Direct material cost 
Factory overhead 
Direct labor cost 
All of the given options


The main difference between the profit center and investment center is

Decision making
Revenue generation
Cost incurrence 
Investment 


The Economic Order Quantity is the amount of inventory to be ordered at one time for purpose to minimize

Conversion cost 
FOH cost
Inventory cost
Prime cost 


TO whom purchase order form is issued to place an order

Work station incharge 
Store incharge 
Supplier 
Manager 


What type of information CANNOT get from bin card

 
It provides the information for Reorder level
It provides the information for Economic order quantity 
It provides the information for Maximum daily consumption
It provides the information for Cost of material consumed


Which of the following groups of workers would be classified as indirect labor? 


Machinists in an organization manufacturing clothes 
Bricklayers in a house building company 
Maintenance workers in a shoe factory 
None of the given options 


Taylor's Differential Piece Rate Plan based on _____________piece rates is fixed.
Two
Three
Four
Five


Meerick Differential Piece Rate Plan based on _____________piece rates is fixed.
Two
Three
Four
Five

Depreciation of building expense is an example of factory overhead which is apportioned on the basis of: 

Capital value
Departmental payroll
Area in square feet or cubic feet 
Number of workers 

 In which of the situation spending variance will give favorable result?

Actual factory overhead is less than absorbed factory overhead
Actual factory overhead is greater than absorbed factory overhead
Budgeted factory overhead for actual volume is greater than actual factory overhead 
Absorbed factory overhead less than budgeted factory overhead for actual volume