Assigning indirect costs to specific jobs is completed by which of the following a. Applying the costs to manufacturing overhead b. Using the predetermined overhead rate c. Using the manufacturing costs incurred d. Applying the indirect labor to the work in process inventory

Assigning indirect costs to specific jobs is completed by which of the following a. Applying the costs to manufacturing overhead b. Using the predetermined overhead rate c. Using the manufacturing costs incurred d. Applying the indirect labor to the work in process inventory

Name: Assigning indirect costs to specific jobs is completed by which of the
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Description: Assigning indirect costs to specific jobs is completed by which of the followinga. Applying the costs to manufacturing overheadb. Using the predetermined overhead ratec. Using the manufacturing costs incurredd. Applying the indirect labor to the work

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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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
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
During production, to what are the costs in job order costing applied? A. manufacturing overhead B. cost of goods sold C. each individual product D. each individual department
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
Which is the correct formula for computing the overhead rate? A. estimated use of the cost driver for production/estimated overhead for the activity B. estimated overhead for the product/estimated use of the cost driver for the activity C. estimated use of the cost driver for production/estimated overhead for the activity D. estimated overhead for the activity/estimated use of the cost driver for the activity
A summary of materials requisition slips and time tickets, along with the overhead allocation, show these costs: Prepare an entry to record the assignment of direct material to work in process. Prepare an entry to record the assignment of direct labor to work in process. Prepare an entry to record the assignment of manufacturing overhead to work in process.
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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
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In a job order cost system, utility expense incurred is debited to which account? A. work in process inventory B. finished goods inventory C. manufacturing overhead D. cost of goods sold
What are the sources for posting indirect labor cost to the indirect labor account in the factory overhead ledger?