Job cost sheets can be used for determining

a. proper employee compensation.

b. profits and quality issues.

c. consumer preferences.

d. advertising budgets.

The estimated budget for factory overhead is $121,000, and the estimated direct labor hours are 11,000. Actual factory overhead is $143,000. What is the predetermined overhead rate?

a. $11

b. $0.13

c. $13

d. $0.11

An accounting firm, Shultz & Worsk, accumulates costs associated with individual cases using job order costing. For the upcoming year, the firm estimates that it will use 30,000 hours of direct labor for professional staff at an hourly rate of $150 per hour. Estimated total overhead costs are $990,000. The firm allocates overhead costs to individual client services on the basis of direct labor hours of its professional staff. What is the firm's predetermined overhead rate for the upcoming year?

a. 3.3%

b. $200

c. $33

d. 0.5%

Job order costing can be used by a hospital to

a. establish security policies.

b. charge patients with services provided.

c. evaluate quality care.

d. evaluate a patient's progress.

Job order costing records product costs by

a. materials used.

b. units produced.

c. employee hours worked.

d. jobs.

Job order costing can be used by managers to

a. apply depreciation to equipment.

b. hire additional production workers.

c. evaluate and control costs.

d. purchase materials