Which of the following businesses would most likely use a job-order costing system? a) Business Consultant b)Steel manufacturer C)Coffe Shop(Incorrect) D)Sugar Refinery

Suppose $30,000 of raw materials was purchased. What account will be debited? a)work in process inventory inventory b)Raw Materials Inventory(Correct?) c)Cost of Goods Sold d)Manufacturing overhead(incorrect)

The amount of overhead that is entered on the job cost sheet is a)actual overhead B)Budgeted overhead(Incorrect) c)zero as no overhead is included on the job cost sheet d)applied overhead

Most factory overhead costs are direct costs that can be easily identified with specific jobs Ture or false? False