Discussion Questions 1. Why must a company estimate the amount of factory over- 2. Some companies use labor cost to apply factory over- 3. What information is recorded on a job cost sheet? How 4. In a job order costing system, what records serve as a sub- head assigned to individual jobs or job lots? head to jobs. Identify another factor (or base) a company might reasonably use to apply overhead costs. do management and employees use job cost sheets? sidiary ledger for Work in Process Inventory? For Finished Goods Inventory? 5. What journal entry is recorded when a materials manager receives a materials requisition and then issues materials (both direct and indirect) for use in the factory? How does the materials requisition help safeguard a company's assets? 6