A document which consists information about labor time usage, for specific job in a specific department, is known as __________?

Related Mcqs:

1. A document which contains information about the materials of specific product, in specific department comes under __________?

   A. costing method
   B. selling method
   C. material acquisition method
   D. none of above

2. If the budgeted direct labor hours are 3550 and direct labor cost rate is $500 per labor hour, then total direct labor cost would be __________?

   A. $1,775,000
   B. $1,675,000
   C. $1,875,000
   D. $1,975,000

3. If the budgeted direct labor hours are 4550 and direct labor cost rate is $600 per labor hour then, total direct labor cost would be _____________?

   A. $4,730,000
   B. $3,730,000
   C. $2,730,000
   D. $1,730,000

4. In accounting system, a document which consists of all assigned cost for specific job is classified as __________?

   A. job cost record
   B. job cost sheet
   C. source document
   D. both a and b

5. If the budgeted total direct labor hours are 3800 and budgeted direct labor cost is $480000, then the budgeted direct labor cost rate will be ___________?

   A. $126.32 per labor hour
   B. $128.32 per labor hour
   C. $130 per labor hour
   D. $132 per labor hour

6. If the budgeted total direct labor hours are 5500 and budgeted direct labor cost is $755000, then the budgeted direct labor cost rate is _________?

   A. $138 per labor hour
   B. $137.27 per hour
   C. $140 per labor hour
   D. $142 per labor hour

7. The costs that are incurred in last department, where the product has been processed and will be carried to next department for further processing are called __________?

   A. partial work costs
   B. transferred-in costs
   C. transferred-out costs
   D. weighted average costs

8. If the actual payment to labor is $1200 and the budgeted rate is $1000, then the labor price variance would be __________?

   A. less than zero
   B. equal to zero
   C. favorable
   D. unfavorable

9. The budgeted total direct labor cost is divided with budgeted total direct labor, to calculate ___________?

   A. budgeted indirect labor cost rate
   B. expected direct labor cost rate
   C. budgeted direct labor cost rate
   D. expected indirect labor cost rate

10. The budgeted direct labor hours are multiplied to direct labor cost rate, to calculate ____________?

    A. expected total direct labor cost
    B. budgeted total direct labor cost
    C. budgeted total indirect labor cost
    D. expected labor hours