ADM 3346 Study Guide - Quiz Guide: Direct Labor Cost, Bobcat Company, European Cooperation In Science And Technology
SchoolUniversity of Ottawa
Course CodeADM 3346
ProfessorTiemei L I
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ADM 3346 X
Quiz No. 2
. . . . . . . / 20 marks
STUDENT #: ________________________
Statement of Academic Integrity:
The School of Management does not condone academic fraud, an act by a student that may
result in a false academic evaluation of that student or of another student. Without limiting
the generality of this definition, academic fraud occurs when a student commits any of the
following offences: plagiarism or cheating of any kind, use of books, notes, mathematical
tables, dictionaries or other study aid unless an explicit written note to the contrary appears
on the exam, to have in his/her possession cameras, radios (radios with head sets), tape
recorders, pagers, cell phones, or any other communication device which has not been
previously authorized in writing.
Statement to be signed by the student:
I have read the text on academic integrity and I pledge not to have committed or attempted
to commit academic fraud in this examination.
A quiz received without the signature of the student will not be graded and will receive a
score of zero.
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Multiple Choice (12 marks)
Choose the best answer for each of the following 8 multiple choice questions. Circle your answer
directly on the quiz booklet. Only one answer will be accepted for each multiple choice question.
There is no penalty for guessing.
Question No. 1 (2 marks)
Bobcat Company uses a job-order costing system. During April, the following costs appeared in
the Work in Process Inventory account:
Direct material used
Direct labor incurred
Cost of goods manufactured
Bobcat Company applies overhead on the basis of direct labor cost. There was only one job left in
Work in Process at the end of April which contained $5,600 of overhead. What amount of direct
material was included in this job?
Total Costs Incurred
Less: Cost of Goods Manufactured
Costs remaining in WIP
Direct Labor (5,600/.80)
Question No. 2 (1 mark)
The net cost of normal spoilage in a job-order costing system in which spoilage is common to all
jobs should be:
assigned directly to the jobs that caused the spoilage.
charged to manufacturing overhead during the period of the spoilage.
charged to a loss account during the period of the spoilage.
allocated only to jobs that are completed during the period.
Question No. 3 (1 mark)
Which of the following journal entries records the accrual of the cost of indirect labor used in
debit Work in Process Inventory, credit Wages Payable
debit Work in Process Inventory, credit Manufacturing Overhead
debit Manufacturing Overhead, credit Work in Process Inventory
debit Manufacturing Overhead, credit Wages Payable
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