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2 1 point If a question asks for the total job cost or total manufacturing cost of a job using the ABC method, which
2 1 point If a question asks for the total job cost or total manufacturing cost of a job using the ABC method, which THREE components should that include? (Hint: The three main components are still DM, DL, and MOH. The key to getting this question right is picking the correct version of each of these three items. Some answe choices say the item is traced; others say the item is allocated. Some answer choices say the item is calculated the same as the plantwide method: some say the item is calculated differently with ABC.) Job Cost Record for Company Using ABC No Answers Chosen Possible answers Manufacturing Overhead TRACED Direct Labor amount TRACED just like plantwide method Direct Materials calculated using special ABC steps for each activity Manufacturing Overhead ALLOCATED using only ONE allocation rate (just like plantwide method) Direct Labor calculated using special ABC steps for each activity Direct Materials amount TRACED just like plantwide method Manufacturing Overhead ALLOCATED using allocation rates for EACH activity
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