Question 12 (3 points) Maintenance and repairs to equipment are considered servi

Question

Question 12 (3 points)

Maintenance and repairs to equipment are considered service activities during the manufacturing process.

Question 12 options:

B) False

Question 14 (3 points)

The company controller for a manufacturing company is an example of ___________________.

Question 14 options:

a staff position

a line position

management by exception

none of the above

Question 15 (3 points)

In the process costing system, accumulated depreciation is credited and charged to one particular department.

Question 15 options:

B) False

Question 25 (3 points)

The Job Order and Process Cost Systems both use the periodic inventory systems for materials, work in process, and finished goods.

Question 25 options:

A) True

B) False

Question 14 (3 points)

The company controller for a manufacturing company is an example of ___________________.

Question 14 options:

A)

a staff position

B)

a line position

C)

management by exception

D)

none of the above

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Question 15 (3 points)

In the process costing system, accumulated depreciation is credited and charged to one particular department.

Question 15 options:

A) True

B) False

Question 25 (3 points)

The Job Order and Process Cost Systems both use the periodic inventory systems for materials, work in process, and finished goods.

Question 25 options:

A) True B) False

Explanation / Answer

Question 12:

True.

Costs are services value in maintenance and repairs unit. These services use in different ways or in combination for the maintenance and repairs of machinery and naturally it is needed to pay the price of these services to continue them.

Question 14.

a. A Staff position.

A company's controller is the chief accounting officer and heads the accounting department. The controller is responsible for the company's financial statements, general ledger, cost accounting, payroll, accounts payable, accounts receivable, budgeting, tax compliance, and various special analyses. A Financial Controller will have responsibilities on the accurate and timely reporting of historical information.

Question 15.

True.

Under process costing system the accumulated depreciation is charged to the particular processes / particular department.

Question 25.

False.

The job order and process costing systems do not use the periodic inventory systems for materials, work in process, and finished goods.

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