ACC 206 week 3 quiz 2 (All correct)

Question 1. 1. Job Costing captures cists for each process involved in product creation. (Points : 1)

        True

        False

Question 2. 2. Process Costing is applicable to homogenous goods that are produced in batches or continuous processes. (Points : 1)

        True

        False

Question 3. 3. Manufacturing Overhead is only allocated under the process costing method of accounting. (Points : 1)

        True

        False

Question 4. 4. Under applied overhead results when the actual overhead incurred is more than the amount assigned to production. (Points : 1)

        True

        False

Question 5. 5. The concept of equivalent units only applies to ABC costing. (Points : 1)

        True

        False