MC4–1
Chapter 4
Job Costing, Process Costing, and Operations Costing
Multiple Choice
1. (LO 1—Job costing)
2. (LO 2—Job costing)
Answer: B
3. (LO 2—Normal spoilage)
4. (LO 2—Overtime premiums)
Answer: C
5. (LO 3—Manufacturing overhead and cost driver)
6. (LO 3—Overhead allocation)
7. (LO 3—Overhead and cost drivers)
8. (LO 4—Predetermined overhead rate and applied overhead)
9. (LO 5—Calculation of over or underapplied overhead)
Solutions to Multiple Choice
10. (LO 5—Calculation of over or underapplied overhead)
11. (LO 6—Basic process costing and calculation of equivalent units)
12. (LO 6—Equivalent units: Weighted average method)
13. (LO 7—FIFO versus weighted average)
14. (LO 7—Weighted average)