x Quiz Two (5 jo 5 azé)eleam.squ.edu.om/mod/quiz/attempt.php?attempt-17243878cmid%-8703188&page-4و قوانين الحماية العمال. . .Google hiljsYouTubeGmailخدمات التعلم الإلكترونيSQU E-LEARNING SYSTEM (ACADEMIo jobs based on direct labor-hours rather than on machine-hoursead rate system is more complex than a system based on a single d Oplantwide overhead rated rate system is usually more accurate than a system based on a.e Osingle plantwide overhead rateTotal manufacturing cost in a job-sheet for job-order costing, includesActual direct labor costs.a OApplied manufacturing overhead costs b OActual direct materials costs.c ONone of the given costs in the answers .d O.eAll of the given costs in the answers

The Numerical has covered the concept of Total Manufacturing Cost. The Total Manufacturing Cost…

:Total manufacturing cost in a job-sheet for job-order costing, includes Actual direct labor costs a O Applied manufacturing overhead costs b O Actual direct materials costs cO .None of the given costs in the answers .d O All of the given costs in the answers .e O

:Total manufacturing cost in a job-sheet for job-order costing, includes Actual direct labor costs a O Applied manufacturing overhead costs b O Actual direct materials costs cO .None of the given costs in the answers .d O All of the given costs in the answers .e O

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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Which of the following does not accurately describe the application of job-order costing? a. Finished goods that are purchased by customers will directly impact cost of goods sold. b. Indirect manufacturing labor and indirect materials are part of the actual manufacturing costs incurred. c. Direct materials and direct manufacturing labor are included in total manufacturing costs. d. Manufacturing overhead costs incurred is used to determine total manufacturing costs.
Only typing answer Please explain step by step without table and graph
If actual overhead is greater than applied manufacturing overhead, then manufacturing overhead is: Select one: O a. considered a miscellaneous expense. Ob. a loss on the income statement under "Other Expenses and Losses." O c. underapplied. d. O None of the answers are correct e. overapplied
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1. With ABC, overhead costs are assigned to each product based on ________. Group of answer choices machine hours per product price of the product a predetermined overhead rate for a single cost driver the proportion of that product’s use of the cost driver
Which of the following represents the cost of jobs completed but not yet sold? O a. Raw Materials Inventory O b. Cost of Goods Sold O c. Work in Process Inventory O d. Finished Goods Inventory O e. None of the given answer is correct
Predetermined overhead rates are calculated: a. first and then multiplied by total actual units of the allocation base to compute the applied manufacturing overhead costs. b. based on actual total manufacturing overhead costs C. by dividing total estimated manufacturing overhead cost by total actual units of the allocation base. d. none of the given answers is correct. e. at the end of the accounting period once the actual amount of manufacturing overhead is known.
provide correct option with explanation
Only product costs are recorded on job cost sheets. True or False True False
2. Which of the following is a possible cost driver that may be used in calculating a company's predetermined overhead rate? A) Direct labour hours B) Direct labour dollars C) Machine hours D) All of the above
Which of the following statements is true?a. Job-order costing is used only in manufacturing firms.b. Process costing is used only for services.c. Job-order costing is simpler to use than process costing because the recordkeepingrequirements are less.d. The job cost sheet is subsidiary to the work-in-process account.e. All of these
In job order cost accounting, the three elements of manufacturing cost are charged directly to job orders. Why is it not necessary to charge manufacturing costs in process cost accounting to job orders?