Which of the following would be used to record the factory supervisor's salary? Manufacturing overhead would be debited Work in process would be debited Raw materials would be debited Manufacturing overhead would be credited

Which of the following would be used to record the factory supervisor's salary? Manufacturing overhead would be debited Work in process would be debited Raw materials would be debited Manufacturing overhead would be credited

Principles of Accounting Volume 2

19th Edition

ISBN:9781947172609

Author:OpenStax

Publisher:OpenStax

Chapter4: Job Order Costing

Section: Chapter Questions

Problem 16MC: In a job order cost system, indirect labor incurred is debited to which account? A. work in process...

See similar textbooks

Related questions

Q: Which of the following would be included in factory overhead? Group of answer choices a salary of…

A: There are two types of factory costs that are direct and indirect cost.

Q: dentify the best description of job order costing. A practice of substituting an expected cost…

A: Job order costing is a method of costing where the manufacturing cost of each job is identified by…

Q: What are Journal entry to assign direct and indirect raw materials to a job ? The subject is…

A: The manufacturing costs incurred during the period is debited to Work in Process to combine all the…

Q: Required: What is the company's assembly department overhead rate using direct labor hours? The…

A: Assembly department overhead rate based on direct labour hours = Estimated manufacturing overhead of…

Q: In a job-order costing system that is based on machine-hours, which of the following formulas is…

A: Predetermined overhead rate: Predetermined overhead rate is calculated based on estimations rather…

Q: How can the predetermined factory overhead rate be used in job order cost accounting to assist…

A: Factory overheads refer to the total cost of manufacturing and operating a manufacturing process, is…

Q: How is the predetermined factory overhead rate used in job order costing to help management and…

A: Solution- A predetermined factory overhead rate acts as a benchmark for your indirect production…

Q: In a job-order costing system, direct labor cost is usually recorded as a credit to: а. Cost of…

A: Job order costing is a system of assigning the cost of production to a specific manufacturing job;…

Q: Which one of the following journal entries is correct to for the issuance of direct materials to…

A: Job costing refers to a costing method that is suitable for the ascertainment of cost of the…

Q: Journalizing the entry to record a job completed would include a credit to Oa. Cost of Goods Sold…

A: The inventory of the company involves three stages. These are: 1. Raw material: When the inventory…

Q: a. How is a predetermined factory overhead rate calculated?b. Name three common bases used in…

A: a.

Q: cturing Overhead. credit to job cost sh

A: Overhead application is recorded with a . Credit to Manufacturing Overhead

Q: Why do companies use predetermined overhead rates rather than actual manufacturing overhead costs to…

A: If actual manufacturing overheads are applied then costs are unknown. if calculated need to wait…

Q: of the following is an example of direct labor? Salary of the vice-president of op

A: Direct Labour refers to the labour directly involved in the manufacturing process for producing the…

Q: Why must a company estimate the amount of factory overhead assigned to indivdual jobs or jobs lots

A: Factory overhead is the total cost involved in operating all production facilities of a…

Q: In a Job Costing system, which of the following contain(s) the detailed cost data that support the…

A: Option (A) is incorrect as manufacturing overhead account would include all the manufacturing…

Q: In a job order cost system, direct labor and factory overhead applied are debited to individual…

A: Job Costing and Process costing are 2 branches of Cost accounting. These methods are used to…

Q: Which one of the following is used by the production department supervisor to request the materials…

A: Inventory or stock is a current resource on the accounting report that addresses the expenses of…

Q: Discuss how the predetermined factory overhead rate can be used in job order cost accounting to…

A: Predetermined overhead means the budgeted indirect factory costs which are incurred in the…

Q: What is the journal entry to record the completion of a job and transfer that job into finished…

A: Finished Goods - Finished Goods is the final output of the company that will be sold to customers.…

Q: Which account is used in the job order cost system to accumulate direct materials, direct labor, and…

Q: Instructions: Answer the following questions (i) What are the source of documents for direct…

A: Step 1 Manufacturing overhead is all indirect costs incurred during the production process.

Q: Which of the following is NOT an element of manufacturing overhead? Sales manager's salary Plant…

A: Manufacturing overhead means the cost incurred indirect in factory for the production of goods.

Q: Which characteristic is the same in both job order costing systems and process costing systems? a.…

A: Job order costing system: Companies that manufacture unique products or provide specialised services…

Q: Which one of the following represents a period cost? a. Fringe benefits associated with factory…

A: Financial statements are statements which states the business activities performed by the company .…

Q: In a job order cost accounting system, the journal entry to record the flow of direct labor costs.…

A: Direct labor is the cost which is directly involved in the making of the goods as it is paid to the…

Q: When and how to calculate the predetermined overhead rate?

A: The manufacturing overhead are applied to production on the basis of estimated activity rates.

Q: Factory Wages for plant supervisors are ordinarily: A) Debited to Work-in-Process B) Debitèd to…

A: Introduction: Journals: Recording of a business transactions in a chronological order. First step in…

Q: What document is used to determine the actual amount of direct labor to record on a job cost sheet?…

A: Direct Labor: Direct labor is that the variable cost that will increase with an increase within the…

Q: Name two principal types of cost accounting systems. Which system provides for a separate record of…

A: Answer: The two principal types of cost accounting systems: 1. Job Order costing system This is the…

Q: Discuss how the predetermined factory overhead rate can be used in job order cost accounting to…

Q: Why must a company estimate the amount of factory overhead assigned to individual jobs or job lots?

A: Overhead: It can be defined as the expense that is centrally incurred by the business in continuing…

Q: Explain the characteristics and purposes of cost accounting and explain the nature and importance of…

A: Cost Accounting is a branch of accountancy which focuses on cost and derives all other facets by…

Q: how to i get total direct labor for a company with hours and cost number available?

A: Direct labor cost: It is the cost of wages paid to the workers is called labor cost. The cost of…

Q: How would salaries of supervisors in the factory be classified? Group of answer choices

A: A supervisor or employee in a factory is not directly involved in production process as a Direct…

Q: What is the journal entry to apply overhead into production in a job order cost accounting system.…

A: Overhead: The term "overhead" refers to any continuing costs incurred by a company that is not…

Q: Which account is used in the job order cost system to accumulate direct materials, direct labour,…

A: The job order cost system refers to the costing system where the cost is assigned and accumulated to…

Q: In which basic document is used to accumulate the cost of each order in job order costing? Job cost…

A: Solution: Job cost sheet is used to accumulate the cost of each order in job order costing.

Q: How do I calculate manufacturing overhead based on direct labor hours

A: Manufacturing overhead means all type of indirect costs that are incurred for production and…

Q: Which one of the following accounts is debited when direct labor is issued for production? Cash Work…

A: Labor is applied on the work in process units to convert the raw material into the finished goods.

Q: In job order cost accounting, the three elements of manufacturing cost are charged directly to job…

A: Job order costsIt is a method of cost accounting, in which cost is collected and accumulated for…

Q: A completed job cost record shows the unit cost of the products. How is this calculated?

A: Job cost record: The job cost record is a statement summarizing the detailed information of costs…

Question

Which of the following would be used to record the factory supervisor's salary?
Manufacturing overhead would be debited
Work in process would be debited
Raw materials would be debited
Manufacturing overhead would be credited

Expert Solution

This question has been solved!

Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.

This is a popular solution!

SEE SOLUTION Check out a sample Q&A here

Step 1

VIEW

Step 2

VIEW

Trending now

This is a popular solution!

Step by step

Solved in 2 steps with 2 images

SEE SOLUTION Check out a sample Q&A here

Knowledge Booster

Learn more about

Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, accounting and related others by exploring similar questions and additional content below.

Similar questions

What are the sources for posting direct labor cost to (a) individual jobs in the job cost ledger and (b) the work in process account in the general ledger?
In a job order cost system, which account shows the overhead used by the company? A. work in process inventory B. finished goods inventory C. cost of goods sold D. manufacturing overhead
In a job order cost system, direct labor and factory overhead applied are debited to individual jobs. How are these items treated in a process cost system and why?
Assigning indirect costs to specific jobs is completed by which of the following? applying the costs to manufacturing overhead using the predetermined overhead rate using the manufacturing costs incurred applying the indirect labor to the 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
A summary of material 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.
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.
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
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
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
Which document shows the cost of direct materials, direct labor, and overhead applied for each specific job? A. job cost sheet B. purchase order C. materials requisition form D. receiving document
The ending balance of which of the following accounts is calculated by summing the totals of the open (unfinished) job-order cost sheets? a. Raw Materials b. Overhead Control c. Work in Process d. Finished Goods e. Cost of Goods Sold