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I am taking Accounting Principles1. An organizational ...

Customer Question

I am taking Accounting Principles

1. An organizational unit of a factory that has the responsibility for partially manufacturing or producing a product is called a:

A.      Production Department
B.      Service Department
C.      Primary Department
D.      Responsibility Department
E.      Control Department

2. Equivalent units of production are equal to:

A.      The number of units that could have been completed if all effort had been applied to units that were started and completed that period
B.     The number of finished units actually produced that period.
C.     The number of units introduced into the process that period.
D.     Physical units that were completed this period from all effort being applied to them.

3. After posting all actual factory overhead and applying factory overhead to production departments in a process costing system,

A.     There will never be underapplied overhead.
B.     There will never be overapplied overhead.
C.     There will always be underapplied overhead.
     D.   There will always be overapplied overhead.
     E.   There may be over or underapplied overhead.     
Submitted: 10 years ago.
Category: Homework
Expert:  RD replied 10 years ago.

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