Elementary Accounting Iii Chap 17 Homework

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Current Location 1. Elementary Accounting II 097522_FA13_OL 2. Assignments 3. Homework Quizzes and Examinations 4. Review Test Submission: Ch 17 V9 Menu Management Options * * * Course Menu: Elementary Accounting II (097522_FA13_OL) * Announcements * Introduction * Syllabus * Lessons * Discussion Board * Assignments * Resources * Contacts * Tools Review Test Submission: Ch 17 V9 Content User | wenqi wu | Course | Elementary Accounting II | Test | Ch 17 V9 | Started | 10/18/13 12:31 PM | Submitted | 10/18/13 5:37 PM | Status | Completed | Score | 96 out of 100 points | Time Elapsed | 5 hours, 2 minutes. | Instructions | | * Question 1 4 out of 4 points | | | In a job order costing system, when overhead costs are applied, they increase the Work in Process Inventory account.Answer | | | | | Selected Answer: | True | Correct Answer: | True | | | | | * Question 2 0 out of 4 points | | | In a job order costing system, the transfer of overhead costs to the Work in Process Inventory account must take place before product unit costs can be computed.Answer | | | | | Selected Answer: | False | Correct Answer: | True | | | | | * Question 3 4 out of 4 points | | | In a job order costing system, indirect labor costs are transferred to the Overhead account by increasing the Factory Payroll account and decreasing the Overhead account.Answer | | | | | Selected Answer: | False | Correct Answer: | False | | | | | * Question 4 4 out of 4 points | | | A zero balance in Finished Goods Inventory at the start of the period means all previously completed products have been sold.Answer | | | | | Selected Answer: | True | Correct Answer: | True | | | | | * Question 5 4 out of 4 points | | | In a

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