The cost of materials used on a specific job is first captured on which source document? Select one: O a. Materials requisition form Ob. Process cost sheet Oc. Labor time ticket Od. Cost driver sheet

Which document lists the total direct materials used in a specific job?A. job cost sheetB. purchase orderC. materials requisition formD. receiving document

Understanding cost flows is an important part of understanding process costing.  Describe the flow of materials in a process costing system (including the accounts used).  Similarly, describe the flow of labor in a process costing system, including accounts used.

Question: The question is in the diagram below: Which one of the following is used by the production department supervisor to request the materials for production? Select one: O a. Material requisition. O b. Purchase order. O c. Bill of materials. O d. Job cost record. As goods are sold, the cost of the goods is transferred from: Select one: O a. finished goods to cost of goods sold O b. work in process to cost of goods sold O c. overhead to finished goods O d. work in process to finished goods

Place the following steps required to prepare a process costing production report into their correct order. I. Reconcile the total cost of work in process inventory. II. Apply manufacturing overhead to specific jobs. III. Calculate cost per equivalent unit. IV. Record costs incurred for each job on a separate job cost sheet. V. Convert physical units into equivalent units. VI. Reconcile the number of physical units. VII. Prepare a production report. 1. 2. 3. 4. 5 List separately any step that should not be included in the process. (You may select more than one answer. Single click the box with a check mark for correct answers and double click to empty the box for the wrong answers.) ■ I ✔ || IV VI iv MI V il V VI VII

Job order costing and process costing both: a. All the given answers are correct. b. both allocate applied manufacturing overhead cost to product cost. Oc. assign direct materials cost, direct labor cost, and manufacturing overhead costs to products. O d. use the same manufacturing accounts, including Manufacturing Overhead, Raw Materials, Work in Process, and Finished Goods. e. compute product cost per unit in the same manner.

Which of the following are steps in process costing?   Question 5 options:   A)  Visualize the physical flow of units   B)  Calculate the equivalent units   C)  Determine the per-unit costs   D)  Calculate the Cost of Goods Manufactured and the Ending WIP Inventory   E)  All of the above

Only typing answer Please explain step by step without table and graph

how to allocate manufacturing overhead by department?

In a Job Costing system, which of the following contain(s) the detailed cost data that support the Work in Process control account?    A. The Manufacturing Overhead account.   B. Job cost sheets.   C. The Finished Goods inventory account.   D. WIP Account Sheet   What is characteristic of step costs?    A. Remain the same within the relevant range.   B. Have an increased fixed component at specified intervals.     C. Increase in direct proportion to increases in output.   D. Decrease in direct proportion to increases in output.   The cost of goods that were finished and transferred out of work-in-process during the current period is:   A. Cost of goods sold.   B. Cost of goods available for use.     C. Cost of goods purchased.   D. Cost of goods manufactured.   Which of the following is defined as the difference between total sales in dollars and total variable…