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For each item below indicate the source documents that would most likely authorize the journal entry in a job-costing system. An answer may be used more than once ,but not all answers will be used. 1. applied overhead rate 2. budgeted invoice 3. job cost record 4. labor time card 5. materials requisition record 6. purchase invoice 7. revenue record 8. sales invoice   a.    direct materials purchased                 b.    direct materials used              c.    direct manufacturing labor              d.   indirect manufacturing labor        e.    finished goods control                   f.     cost of goods sold

For each item below indicate the source documents that would most likely authorize the journal entry in a job-costing system. An answer may be used more than once ,but not all answers will be used. 1. applied overhead rate 2. budgeted invoice 3. job cost record 4. labor time card 5. materials requisition record 6. purchase invoice 7. revenue record 8. sales invoice   a.    direct materials purchased                 b.    direct materials used              c.    direct manufacturing labor              d.   indirect manufacturing labor        e.    finished goods control                   f.     cost of goods sold

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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For each item below indicate the source documents that would most likely authorize the journal entry in a job-costing system. An answer may be used more than once ,but not all answers will be used.

1. applied overhead rate

2. budgeted invoice

3. job cost record

4. labor time card

5. materials requisition record

6. purchase invoice

7. revenue record

8. sales invoice

 

a.    direct materials purchased                

b.    direct materials used             

c.    direct manufacturing labor             

d.   indirect manufacturing labor       

e.    finished goods control                  

f.     cost of goods sold   

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