Which of the following characteristics does not apply to job order cost accounting?

 Which of the following characteristics does not apply to job order cost accounting?
Multiple Choice
•    
Aims to compute the cost per unit of product.
•     Cost object is a job.
•    
Equivalent units of production.
•    
Use of job cost sheets.
•    
Use of a single Work in Process Inventory account.

Answer

 Equivalent units of production.

Which of the following products is least likely to be produced in a process operation?
Multiple Choice
•    
Smartphones
•    
Slacks for casual wear
•     Hammers
•    
Calculators
•    
Custom cabinets

Answer

 Custom cabinets

A costing system which contains features of both process and job order operations is called a(n):
Multiple Choice
•     Hybrid costing system.
•     Yield costing system.
•     Work in process costing system.
•     Mixed production costing system.
•     None of the above. 

Answer

 Hybrid costing system.

The combined costs of direct labor and factory overhead per equivalent unit used by many businesses with process operations is called:
Multiple Choice
•    
Physical cost per equivalent unit
•    
Overhead cost per equivalent unit
•    
Combined cost per equivalent unit
•    
Conversion cost per equivalent unit
•    
Finished cost per equivalent unit

Answer
Conversion cost per equivalent unit

A key idea in process costing that refers to the number of whole units that could have been started and completed given the costs incurred in a period is known as:
Multiple Choice
•    
Manufacturing overhead.
•    
Units in process.
•    
A job cost sheet.
•    
Equivalent units of production.
•     Production cost report. 

Answer
Equivalent units of production.