Question 16-19

The following journal entry would be made to apply overhead cost to jobs in a job order costing system: Manufacturing Overhead xxxxxx (debt) WoA m Process xxxxxx (credit) True False A process costing system would be best suited for production of a large quantity of homogeneous products. True False In a job order costing system, the entry to record deprecation on manufacturing equipment would include a debit to the Depreciation Expense account. a credit to Work in Process Inventory account. a debit to Manufacturing Overhead account a credit to Manufacturing Overhead account. a debit to Accumulated Deprecation. For which situation would an organization be more likely to use job order costing rather than process costing? a steel factory that processes iron are into steel bars. a costume maker that makes specialty costumes for figure skaters a factory that processes sugar and other ingredients into black licorice. all of the above. none of the above