How can the predetermined factory overhead rate be used in job order cost accounting to assist management in pricing jobs? What are the three common bases used in calculating the rate? do you feel that the rate would be as useful if other bases where used in the calculation?

Discuss how the predetermined factory overhead rate can be used in job order cost accounting to assist management in pricing jobs. Why use a predetermined factory overhead rate ?

Which of the following are the two main types of cost accounting systems for manufacturing operations? Oa. a. job order cost and process cost systems Ob. process cost and general accounting systems Oc. process cost and replacement cost systems Od. job order and general accounting systems

What do you believe would occur if a business did not use a work cost sheet? What exact things are included on a work cost sheet?

Provide an example of a manufacturing business that generally would use a job order cost system?

Which of the following statements are true? I. In a job-order costing system, indirect labor is assigned to a job using information from the employee time ticket. II. If the allocation base in the predetermined overhead rate does not drive overhead costs, it will nevertheless provide reasonably accurate unit product costs because of the averaging process. III. In a job-order costing system, costs are traced to individual units of product. The sum total of such traced costs is called the unit product cost. Multiple Choice Only statement I is true. Statements I and II are true. Statements II and III are true. None of the statements are true.

What is Job Order Costing, and what are some examples of industries or businesses that would use Job Order Costing?

Job costing is defined by cost accumulation and cost measurement that support the strategic role of costing and cost flows. Managing costs is a main duty of a cost accountant. Discuss how the concepts of cost accumulation and cost measurement apply to direct, indirect, and manufacturing overhead costs when using job costing. Include an example of your thinking.

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Think about a service you have been involved with and describe how job-costing might be implemented by that service provider, including overhead and stating where costs would fall.