1. What is the primary purpose of job costing in accounting? a. To calculate fixed costs b. To allocate overhead costs c. To determine the selling price of a product d. To track individual project or job costs 2. In job costing, direct labor costs are: a. Always considered a variable cost b. Allocated based on a predetermined overhead rate c. Tracked separately for each specific job or project d. Not a significant factor in cost calculations Which of the following industries is most likely to use job costing as its primary costing 3. method? a. Fast food restaurants b. Automobile manufacturing c. Custom home builders d. Retail clothing stores 4. a. The actual direct labor hours worked b. The number of units produced Overhead costs in job costing are typically allocated to jobs based on: I c. A predetermined overhead rate d. The total cost of materials used

1. What is the primary purpose of job costing in accounting? a. To calculate fixed costs b. To allocate overhead costs c. To determine the selling price of a product d. To track individual project or job costs 2. In job costing, direct labor costs are: a. Always considered a variable cost b. Allocated based on a predetermined overhead rate c. Tracked separately for each specific job or project d. Not a significant factor in cost calculations 3. Which of the following industries is most likely to use job costing as its primary costing method? a. Fast food restaurants b. Automobile manufacturing c. Custom home builders d. Retail clothing stores 4. Overhead costs in job costing are typically allocated to jobs based on: a. The actual direct labor hours worked b. The number of units produced c. A predetermined overhead rate d. The total cost of materials used