porting period. True or False
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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 soldWhich of the following is a prime cost? A. direct labor B. work in process inventory C. administrative labor D. factory maintenance expensesThe 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.
- please help me understand why and what the answer is. Period costs are a.found on the balance sheet b.found on the job order cost sheets c.not involved in the production process d.classified as direct labor, direct material, or factory overheadA production cost report shows the cost of a specific job manufactured in the reporting period. Group of answer choices false trueIn 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 correct
- When a manufacturing company uses direct labor, it assigns the cost by debiting a. Work-in-Process Inventory. b. Manufacturing Overhead. c. Direct Labor. d. Wages Payable.In 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.Under a job order costing system, individual jobs are allocated an estimated amount of overhead costs (MOH or FOH), and this dollar amount is debited to Work-in-Process inventory. TRUE FALSE
- In a job-order costing system, manufacturing overhead applied is recorded as a credit to: O a. None of the given answer is correct O b. Manufacturing Overhead. Work in Process inventory. O d. Finished Goods inventory. Fi е. Cost of Goods Sold.When calculating the predetermined manufacturing overhead rate, what is the correct basis of calculation? a.Estimated overhead costs divided by the estimated amount of the cost driver or allocation base b.Estimated amount of the cost driver divided by the estimated total overhead costs c.Estimated overhead costs divided by the number of days in a year d.Actual overhead costs of the prior year divided by the actual amount of the cost driver or allocation baseIn 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 O
