1. Describe the characteristics of companies likely to use a job costing system. Explain how these characteristics differ from companies likely to

use a process costing system.

2. What information is included on the materials requisition form?

3. What is the purpose of a job cost sheet? Describe the information typically included on a job cost sheet.

4. What information is included on a timesheet?

5. What is the purpose of using a predetermined overhead rate?

6. Review Note 2.23 "Business in Action 2.1" Explain why Boeing likely uses a job costing system. How does the information that comes from a

job costing system help Boeing make better decisions?

7. What is a normal costing system, and why do companies tend to use a normal costing system to apply overhead to jobs rather than using

actual overhead costs?