Which of the following actions do not cause an impropriety in job costing?
A. Charging costs to the wrong job.
B. Choosing to use normal costing rather than actual costing.
C. Choosing an allocation method based on the results rather than choosing the method based on resource usage.
D. Misstating the stage of completion.
Answer: B
You might also like to view...
Which of the following statements about image is false?
A) Reinforcing or rejuvenating a current image that is consistent with the view of consumers is easier to accomplish than changing a well-established image that is not consistent with the image the company wants to project. B) It is relatively easy to change the image people hold about a given company. C) Any negative or bad press can quickly destroy an image that took years to build. D) The image being projected must accurately portray the firm and coincide with its goods and services.
Generally, communication is done in “side-by-side” arrangement--avoiding eye contact--in ______ culture.
A. American B. African C. Asian D. Arabic
Exhibit 11-1 On January 1, Year 1, Hills purchased equipment for $350,000. The equipment had an estimated useful life of ten years and an estimated residual value of $50,000. Use the double-declining-balance method to answer the following question(s). ? ? Refer to Exhibit 11-1. What is the net book value of this asset that Hills should report on the company's balance sheet at December 31,
year 2? A) $142,600 B) $224,000 C) $192,000 D) $102,400
Which transfer price approach is used when the transfer price is set at the amount sold to outside buyers?
A) Market Price B) Cost Price C) Negotiated Price D) Variable Price