Only product costs are recorded on job cost sheets. True or False True False
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- Only product costs are recorded on job cost sheets. Group startsTrue or FalseA job cost accounting system is suitable for similar products that are mass produced. True FalseThe job cost sheet does not showa. costs chargeable to a specific job.b. the total costs of a completed job.c. the unit cost of a completed job.d. the cost of goods sold.
- In a job-order costing system, direct labor cost is usually recorded as a credit to: a. Cash or Wage Payable.. Ob. Work in Process: С. Cost of Goods Sold. O d. Manufacturing Overhead. e. None of the given answer is correctWhich of the following statements is TRUE about job - order costing system: a. Actual direct labor and Actual direct materials are used to calculate total manufacturing cost. b. Applied manufacturing overhead costs are traceable costs. Actual manufacturing overhead costs are used to calculate total manufacturing cost. d. Applied overhead for the period is not known until the end of the period. All of the given answers are false. e.A job cost accounting system is suitable for similar product that are mass produced true or false ?
- The term "normal costing" refers to the use of job-costing systems. Select one: True FalseTir Which of the following statements related to job cost sheets is TRUE? O a. Ajob cost sheet includes selling and administrative costs. O b. Actual manufacturing overhead costs are included in job cost sheets. O c. Individual job cost sheeßs are used by companies which produce socks. O d. Job cost sheets do not normally include the selling price of the job completed. O e. None of the given answers is TRUE. on Overhead costs are overapplied if the amount applied to Work in Process is: hp fs 米 16 10 17 f1o #3 3 & 4 6 7 8 E R Y U D H b. 5 F. %24 47In a job-order costing system, direct labor cost is usually recorded as a credit to: a. Cost of Goods Sold. O b. Manufacturing Overhead. OC. None of the given answer is correct d. Cash or Wage Payable.. O e. Work in Process.
- In a job-order costing system, indirect labor cost is usually recorded a :debit Manufacturing Overhead .a C None of the given answer is correct .b C Work in Process .c C .Cost of Goods Sold .d O .Cash or Wage Payable .e OA job order cost system records and summarizes manufacturing costs by jobs? True FalseTrue or false In a job costing system companies must accumulate costs and then assign costs to each job.
