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 is the purpose of a job cost sheet? Describe the information typically included on a job cost sheet.
3. What is the purpose of using a predetermined overhead rate?
4. Describe the two important factors in selecting an overhead allocation base.
5. When is manufacturing overhead underapplied? When is it overapplied?