Examlex

Solved

Select the Response from the List Provided That Best Matches

question 32

Essay

Select the response from the list provided that best matches each of the following descriptions: Your Answer  Description  Responses  A. System used to determine cost of distinct, one of a kind products 1. Cost per equivalent whole unit  B. Method used in process cost systems to determine equivalent whole units, where state of completion of beginning units is innored  2. Equivalent whole units C. System used to determine costs of products such as chemicals or paints  3. FIFO method  D. Calculated by dividing total production costs by number of equivalent whole units  4. Hybrid accounting system E. The result of expressing partially completed goods in equivalent number of fully completed goods  5. Job-order cost sheet F. Cost system that blends features of job-order and process costing6. Job-order cost systemG. Document used in job-order costing system to accumulate material, labor, and overhead costs of a job through the various stages of production.  7. Materials requisition H. Costs that are transferred from one department to the next  8. Process cost system I. Mechanism or document used to request materials needed to begin a job9. Transferred-in costsJ. Mechanism or document used to accumulate the time spent on a job by each employee  10. Weighted-average method K . More complicated method of determining equivalent whole units when accuracy is of paramount importance11. Work ticket\begin{array}{|l|l|l|} \hline \text {Your Answer } & \text { Description } & \text { Responses } \\\hline & \text { A. System used to determine cost of distinct, one of a kind products } & \text {1. Cost per equivalent whole unit }\\\hline & \text { B. Method used in process cost systems to determine equivalent whole units, where state of completion of beginning units is innored } & \text { 2. Equivalent whole units}\\\hline & \text { C. System used to determine costs of products such as chemicals or paints } & \text { 3. FIFO method }\\\hline & \text { D. Calculated by dividing total production costs by number of equivalent whole units } & \text { 4. Hybrid accounting system }\\\hline & \text {E. The result of expressing partially completed goods in equivalent number of fully completed goods } & \text { 5. Job-order cost sheet }\\\hline & \text {F. Cost system that blends features of job-order and process costing} & \text {6. Job-order cost system}\\\hline & \text {G. Document used in job-order costing system to accumulate material, labor, and overhead costs of a job through the various stages of production. } & \text { 7. Materials requisition }\\\hline & \text {H. Costs that are transferred from one department to the next } & \text { 8. Process cost system }\\\hline & \text {I. Mechanism or document used to request materials needed to begin a job} & \text {9. Transferred-in costs}\\\hline & \text {J. Mechanism or document used to accumulate the time spent on a job by each employee } & \text { 10. Weighted-average method }\\\hline & \text {K . More complicated method of determining equivalent whole units when accuracy is of paramount importance} & \text {11. Work ticket}\\\hline\end{array}
#2.Since you haven't used "whole" elsewhere,do you want to use it here? Also in B.and K.
Also in answer below.
Yes.We should use it.I went back through and inserted it as needed.


Definitions:

Parental Income

The combined incomes of an individual's or child's mother and father, considered an important factor affecting opportunities and socioeconomic status.

Socioeconomic Status

A classification of an individual or group's position within a societal hierarchy, based on factors like income, education, and occupation.

Caste System

The Caste System is a form of social stratification defined by hereditary status, often seen in India, where individuals' occupations and social connections are heavily influenced by their caste.

Social Mobility

The ability for individuals or groups to move within the social hierarchy, including upward and downward mobility, which reflects changes in wealth, occupation, education, or social status.

Related Questions