Part IV- Sustainability and job costing 39. Give two examples of environmental and/or social information that could be included on the job cost record to give management a more encompassing view of the resources used in making the product. Oro 40. List four possible uses of job-related sustainability information 41. What is the goal of EPR laws? How do they work? 42. Why is e-waste an issue? Part V- How do managers deal with underallocated or overallocated manufacturing overhead? (LO 5) 43. Why will MOH be under-or overallocated during the period? In other words, what is the root cause of this issue? 44. What two figures are compared to determine the amount by which MOH has been overallocated or underallocated? 45. When MOH has been underallocated, it means that (not enough OR too much) MOH was assigned to jobs during the period. As a result jobs were (undercosted OR overcosted). Assuming most of the jobs produced during the period have been sold, (account name) should be (increased or decreased) to adjust for this error. 46. When MOH has been overallocated, it means that (not enough OR too much) MOH was assigned to iphs during the period. As a result, jobs were _(undercosted OR overcosted). Assuming most of the jobs produced during the period have been sold, (account name) should be (increased or decreased) to adjust for this error. 47. What will companies do if the amount of over- or underallocation is fairly large and some of the jobs are still in WIP or FG inventory? Part VI- What journal entries are needed in a manufacturer's job costing system? (LO 6) 48. When making journal entries, asset and expense accounts are increased through a and decreased through a_ ; revenues and liabilities are increased through a and decreased through a 49. When raw materials are purchased on account, and (accounts) should both be (increased OR decreased) by making the following journal entry (use an "x" to signify the dollar amount): 50. When materials are requisitioned and sent to the factory for use on a specific job, (account) should be increased and (account) should be decreased by making the following journal entry (use an "x" to signify the dollar amount): 51 Whenever a cost is added to a job cost record, a corresponding debit must be made to which account? Why? 52. When materials are requisitioned for general factory use rather than for a specific job, then (account) should be increased and (account) should be decreased by making the following journal entry (use an to signify the dollar amount): 53. All indirect manufacturing costs are temporarily stored in the account. What is this account also known as? 54. When labor time records show that direct labor has been performed on a specific job. both and (accounts) should be increased by the cost of the labor by making the following journal entry (use an "x" to signify the dollar amount): 55. The cost of indirect labor used in the plant should be recorded by making the following 56. When MOH is allocated to specific jobs, (account) should be increased and (account) should be decreased by making the following journal entry: 57. When a job is completed, it is physically moved from to . Likewise, the following journal entry should be recorded to reflect this movement: 58. How is the cost of ONE unit in the job determined? 59. When a sale is made on account, then both the accounts should be increased through the following journal entry: 60. How is the dollar amount for this journal entry determined