Information about which of the following items is not covered on a job cost sheet? Multiple Choice The direct labor costs assigned to the job. The name of the customer. General and administrative expenses. The overhead costs assigned to the job. The direct materials costs assigned to the job.

Information about which of the following items is not covered on a job cost sheet? Multiple Choice The direct labor costs assigned to the job. The name of the customer. General and administrative expenses. The overhead costs assigned to the job. The direct materials costs assigned to the job.

Managerial Accounting

15th Edition

ISBN:9781337912020

Author:Carl Warren, Ph.d. Cma William B. Tayler

Publisher:Carl Warren, Ph.d. Cma William B. Tayler

Chapter2: Job Order Costing

Section: Chapter Questions

Problem 3DQ: Which account is used in the job order cost system to accumulate direct materials, direct labor, and...

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Question

Information about which of the following items is not
covered on a job cost sheet?
Multiple Choice
The direct labor costs assigned to the job.
The name of the customer.
General and administrative expenses.
The overhead costs assigned to the job.
The direct materials costs assigned to the job.

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If a job order cost system tracks the direct materials and direct labor, why doesn't It track the actual overhead used for a specific job?
Which document shows the cost of direct materials, direct labor, and overhead applied for each specific job? A. job cost sheet B. purchase order C. materials requisition form D. receiving document
In a job order cost system, direct labor and factory overhead applied are debited to individual jobs. How are these items treated in a process cost system and why?
In a normal costing system, the cost of a job includes a. actual direct materials, actual direct labor, and estimated (applied) overhead. b. estimated direct materials, estimated direct labor, and estimated overhead. c. actual direct materials, actual direct labor, actual overhead, and actual selling cost. d. actual direct materials, actual direct labor, and actual overhead. e. None of these. Job-order costing requires the use of actual, not normal, costing.
When using job order costing for a professional service business, the primary product (service) costs are: A.Direct Materials and Overhead B.Direct Materials and Direct Labor C.Direct Materials. Direct Labor, and Overhead D. Direct Labor and Overhead
During production, to what are the costs in job order costing applied? A. manufacturing overhead B. cost of goods sold C. each individual product D. each individual department
What factors would you consider in deciding whether to use direct labor dollars or direct labor hours in charging overhead to jobs in a service firm?
Which document lists the total direct materials used in a specific job? A. job cost sheet B. purchase order C. materials requisition form D. receiving document
Is the cost of a job related to the price charged? Explain.
Explain the concept of a cost/benefit decision and how it relates to job costing systems.
How is a job order cost system used in a service industry?