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A job order costing system would best fit the needs of a company that makes: Select one: a. Custom machinery. b. Cement. c. Paint d.

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A job order costing system would best fit the needs of a company that makes: Select one: a. Custom machinery. b. Cement. c. Paint d. Pencils and erasers. e. Shoes and apparel. If the amount of effort and attention to products varies substantially throughout a company's various manufacturing operations, the company might consider the use of: Select one: a. actual overhead rates instead of predetermined overhead rates. b. machine hours to determine the overhead rate. c. departmental overhead rates. d. direct labor hours to determine the overhead rate. e. a plantwide overhead rate. Which one of the following is not a characteristic of managerial accounting: Select one: a. None of the given answers b. Focused on internal users c. Normally has flexible timeframe d. Concerned more with verifiability of data e. Normally does not follow GAAP XYZ company paid $285,000 of labor costs for construction jobs completed during the month of August, of which $212,000 was direct and $73,000 was indirect supervisory costs. The correct journal entry to record the indirect labor for the month is: Select one: a. Debit Factory Overhead; credit Cash. b. Debit Factory Overhead; credit Factory Wages Payable. c. Debit Supervisor Wage Expense; credit Factory Overhead. d. Debit Factory Wages Payable; credit Factory Overhead. e. Debit Supervisor Wage Expense; credit Factory Wages Payable

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