For each item below indicate the source documents that would most likely authorize the journal entry in a job-costing system. An answer may be used more than once ,but not all answers will be used. 1. applied overhead rate 2. budgeted invoice 3. job cost record 4. labor time card 5. materials requisition record 6. purchase invoice 7. revenue record 8. sales invoice a. direct materials purchased b. direct materials used c. direct manufacturing labor d. indirect manufacturing labor e. finished goods control f. cost of goods sold
For each item below indicate the source documents that would most likely authorize the journal entry in a job-costing system. An answer may be used more than once ,but not all answers will be used. 1. applied overhead rate 2. budgeted invoice 3. job cost record 4. labor time card 5. materials requisition record 6. purchase invoice 7. revenue record 8. sales invoice a. direct materials purchased b. direct materials used c. direct manufacturing labor d. indirect manufacturing labor e. finished goods control f. cost of goods sold
Survey of Accounting (Accounting I)
8th Edition
ISBN:9781305961883
Author:Carl Warren
Publisher:Carl Warren
Chapter10: Accounting Systems For Manufacturing Operations
Section: Chapter Questions
Problem 5SEQ: When using job order costing for a professional service business, the primary product (service)...
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For each item below indicate the source documents that would most likely authorize the
1. applied
2. budgeted invoice
3.
4. labor time card
5. materials requisition record
6. purchase invoice
7. revenue record
8. sales invoice
a. direct materials purchased
b. direct materials used
c. direct manufacturing labor
d. indirect manufacturing labor
e. finished goods control
f. cost of goods sold
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