a. A record used to assign direct labor cost to specific jobs. b. A request for the transfer of materials to the production floor. c. A document that shows the direct materials, direct labor, and manufacturing overhead costs for an individual job. d. An accounting system that accumulates costs by process. e. The production of a unique product or specialized service f. Used by companies that manufacture unique products or provide specialized services. 1. Job 2. Job Cost Record 3. Job Order Costing System 4. Labor Time Record 5. Materials Requisition 6. Process Costing System

a. A record used to assign direct labor cost to specific jobs. b. A request for the transfer of materials to the production floor. c. A document that shows the direct materials, direct labor, and manufacturing overhead costs for an individual job. d. An accounting system that accumulates costs by process. e. The production of a unique product or specialized service f. Used by companies that manufacture unique products or provide specialized services. 1. Job 2. Job Cost Record 3. Job Order Costing System 4. Labor Time Record 5. Materials Requisition 6. Process Costing System

Principles of Accounting Volume 2

19th Edition

ISBN:9781947172609

Author:OpenStax

Publisher:OpenStax

Chapter4: Job Order Costing

Section: Chapter Questions

Problem 10MC: Assigning indirect costs to specific jobs is completed by which of the following? applying the costs...

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Similar questions

When using job order costing for a professional service business, the primary product (service) costs are: A.Direct Materials and Overhead B.Direct Materials and Direct Labor C.Direct Materials. Direct Labor, and Overhead D. Direct Labor and Overhead
In a job order cost system, raw materials purchased are debited to which account? A. raw materials inventory B. work in process inventory C. finished goods inventory D. cost of goods sold
Which document shows the cost of direct materials, direct labor, and overhead applied for each specific job? A. job cost sheet B. purchase order C. materials requisition form D. receiving document
In a job order cost system, indirect labor incurred is debited to which account? A. work in process inventory B. finished goods inventory C. manufacturing overhead D. cost of goods sold
In a job order cost system, which account shows the overhead used by the company? A. work in process inventory B. finished goods inventory C. cost of goods sold D. manufacturing overhead
Which document lists the total direct materials used in a specific job? A. job cost sheet B. purchase order C. materials requisition form D. receiving document
In a job order cost system, overhead applied is debited to which account? A. work in process inventory B. finished goods inventory C. manufacturing overhead D. cost of goods sold
Assigning indirect costs to specific jobs is completed by which of the following? applying the costs to manufacturing overhead using the predetermined overhead rate using the manufacturing costs incurred applying the indirect labor to the work in process inventory
If a job order cost system tracks the direct materials and direct labor, why doesn't It track the actual overhead used for a specific job?
In a job order cost system, factory wage expense is debited to which account? A. raw materials inventory B. work in process inventory C. finished goods inventory D. cost of goods sold
What are the sources for posting direct labor cost to (a) individual jobs in the job cost ledger and (b) the work in process account in the general ledger?
Assigning indirect costs to departments is completed by __________________________. applying the predetermined overhead rate debiting the manufacturing costs incurred applying the costs to manufacturing overhead applying the costs to work in process inventory