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please answer each part of the review Siyles Chapter 2 -Job Order Costing o Characteristics of job order costing Used for what types of product

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Siyles Chapter 2 -Job Order Costing o Characteristics of job order costing Used for what types of product typically? Types of cost reports used (Direct Materials Requisition form, DL time ticket, job cost sheet) & what types of costs recorded on which source documents? o o o Manufacturing/Product Cost Categories o DM, DL, MOH (actual and applied) o Manufacturing Overhead (actual and applied) Difference between actual vs. applied manufacturing overhead Calculated Applied MOH cost . . Pre-determined Overhead Rate (POHR) Total Estimated Cost / Total Estimated Cost Driver Calculate/interpret overapplied and underapplied Manufacturing Overhead What does it mean if MOH is overapplied or underapplied and where is the adjustment for over/underapplied Manufacturing Qverhead made? . o Flow of Costs in Job Order Costing o Accounts Types of inventory accounts: Raw Materials, Work in Process, Finished Goods Recording costs in the accounts for Manufacturing Overhead, Cost of Goods Sold, and Sales - - Recording costs in the appropriate accounts as costs move through production and eventual sale o

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