Question
which of the following companies is most likely to use a job-order costing system rather then a process costing system a)fast food restauarant b)shipbuilder c)crude
which of the following companies is most likely to use a job-order costing system rather then a process costing system
a)fast food restauarant
b)shipbuilder
c)crude oil refinery
d)candy maker
which of the following contains the detailed cost data that support the work in process control account?
a)job cost sheets
b) the manufacturing overhead account
c)the finished goods inventory account
d)purchase requisitions
which of the following statements is true if a company applies overhead to jobs on the basis of a predetermined overhead rate and reports a credit balance in the manufacturing overhead account at the end of any period?
a) more overhead cost has been charged to jobs than has been incurred during the period
b) more overhead cost has been incurred during the period than has been charged to jobs
c) the amount of overhead cost charged to jobs is greater than the estimated cost for the period
d) the amount of overhead cost charged to jobs is less then the estimated overhead cost for the period
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