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Important in the management process? detrmination of unit L the determination of unit cost information SHORT EXERCISES Job Order Versus Process Costing Systems LO1 SE1.

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Important in the management process? detrmination of unit L the determination of unit cost information SHORT EXERCISES Job Order Versus Process Costing Systems LO1 SE1. State whether a job order be used to account for the costs of the following a. Manufacturing bottles costing system or a process costing system would typically anufacturing custom-designed swimming pools anufacturing one-size-fits-all robes c. M d. Providing babysitting c. Manufacturing canned food f. Providing accounting services Transactions in a Manufacturer's Job Order Costing System SE2. For each of the following transactions, state which account(s) would be debited and credited in a job order costing system a. Purchased materials on account, $12,000. b. Charged direct labor to production, S3,000. c. Requested direct materials for production, $6,000 d. Applied overhead to jobs in process, $4,000 LO2 Transactions in a Manufacturer's Job Order Costing System SE3. Enter the following transactions into T accounts: a. Incurred $34,000 of direct labor and $18,000 of indirect labor. LO2 b. Applied overhead based on 12,680 labor hours8 S6 per labor hour Accounts for Job Order Costing SE4. Identify the accounts in which cach of the following transactions for Oak Leaf Furniture, a custom manufacturer of oak tables and chairs, would be debited and credited LO2 1. Issued oak materials into production for Job ABC 2. Recorded direct labor time for the first week in February for Job ABC 3. Purchased indirect materials from a vendor on account. 4. Reccived a production-related electricity bill. 5. Applied overhead to Job ABC 6. Completed but did not yet sell Job ABC

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