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QUESTION 8 A document in a job order costing system that is used to record the costs of producing a job is a(n): A. Job
QUESTION 8 A document in a job order costing system that is used to record the costs of producing a job is a(n): A. Job cost sheet B. Job lot C. Finished goods summary. D. Process cost system QUESTION 9 The source documents for assigning costs to job cost sheets are: A. Invoices, time tickets, and the predetermined overhead rate B. Materials requisition slips, time tickets, and the actual overhead costs C. Materials requisition slips, payroll register, and the predetermined overhead rate. D. Materials requisition slips, time tickets, and the predetermined overhead rate. QUESTION 10 Cosi Company uses a job order costing system and allocates its overhead on the basis of direct labor costs. Cosi expects to incur $800,000 of overhead during the next period, and expects to incur $500,000 direct labor cost. What is Cosi Company's predetermined overhead rate? A. 6.25% of direct labor costs. OB. 62.5% of direct labor costs C. 160% of direct labor costs D. 1600% of direct labor costs. QUESTION 11 Mesa Corp. allocates overhead to production on the basis of direct labor costs. Mesa's predetermined overhead rate is 250% of direct labor costs. Determine the amount of overhead applied to job #3 which used $20,000 of direct labor. A. $8,000 B. $20,000 C. $70,000 D.550,000
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