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1. A company is more likely not to use a job costing system if: a. it manufactures a large volume of similar products. b. its

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1. A company is more likely not to use a job costing system if: a. it manufactures a large volume of similar products. b. its production is based on order. c. it manufactures products with unique characteristics. d. none of the above. 2. The documents from which the costs are assigned to job cost sheets are: a. invoices, time tickets, and the predetermined overhead rate. b. materials requisition slips, time tickets, and the actual overhead costs. c. materials requisition slips, time tickets, and the predetermined overhead rate. d. materials requisition slips, payroll register, and the predetermined overhead rate. 3. At the end of a financial year, an organization using a job costing system prepares the cost of goods manufactured: a. from the job cost sheet. b. from the Cost of Goods Sold account. c. by adding direct materials used, direct labor incurred, and manufacturing overhead incurred. d. from the Work in Process Inventory account

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