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What kind of firm would use a job order cost system? Which account is used in the job order cost system to accumulate direct materials,
- What kind of firm would use a job order cost system?
- Which account is used in the job order cost system to accumulate direct materials, direct labor, and factory overhead applied to production costs for individual jobs?
- Discuss how the predetermined factory overhead rate can be used in job order cost accounting to assist management in pricing jobs.
- What is (1) overapplied factory overhead and (2) underapplied factory overhead?
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