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1)Job costing... a)is most commonly used when each unit of a product is identical and is produced in very large batches b)always allocates an equal
1)Job costing... a)is most commonly used when each unit of a product is identical and is produced in very large batches b)always allocates an equal amount of cost to each unit made during a time period c)seperately records the flow of costs for individual jobs/ customers d)can only be used in manufacturing sector companies 2) In a very labor intensive job costing environment where there are many different skill levels and wage rates for labor, what is probably the most appropriate cost driver for applying overhead to Work in Process? a) direct labor hours b) direct material cost c) machine hours d) direct labor cost
a)is most commonly used when each unit of a product is identical and is produced in very large batches
b)always allocates an equal amount of cost to each unit made during a time period
c)seperately records the flow of costs for individual jobs/ customers
d)can only be used in manufacturing sector companies
2) In a very labor intensive job costing environment where there are many different skill levels and wage rates for labor, what is probably the most appropriate cost driver for applying overhead to Work in Process?
a) direct labor hours
b) direct material cost
c) machine hours
d) direct labor cost
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