Job order costing is a system of costing where manufacturing costs are assigned to individual product or Batches of products. To Match: The titles of documents & accounts used in job order costing, with the purpose of the documents. Given Information: Titles of the documents A Time Ticket B Materials Ledger Card C Voucher D Factory Overhead account E Materials Requisition Purpose of the Documents 1 Shows amount of time an employee works on a job 2 Accumulates the cost of incurred overhead & the overhead cost assigned to specific jobs 3 Perpetual inventory record of raw materials received, used & available for use 4 Shows amount approved for payment of an overhead or other cost 5 Communicates the need for materials to complete a job

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Answer 1

Question

Chapter 19, Problem 3QS

To determine

Introduction:

Job order costing is a system of costing where manufacturing costs are assigned to individual product or Batches of products.

To Match:

The titles of documents & accounts used in job order costing, with the purpose of the documents.

Given Information:

Titles of the documents

A Time Ticket

B Materials Ledger Card

C Voucher

D Factory Overhead account

E Materials Requisition

Purpose of the Documents

1 Shows amount of time an employee works on a job

2 Accumulates the cost of incurred overhead & the overhead cost assigned to specific jobs

3 Perpetual inventory record of raw materials received, used & available for use

4 Shows amount approved for payment of an overhead or other cost

5 Communicates the need for materials to complete a job

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Students have asked these similar questions

Sauerbraten Corp. reported 2007 sales ($ in millions) of $2,157 and a cost of goods sold of $1,827. The company uses the LIFO method for inventory valuation. It discloses that if the FIFO inventory valuation method had been used, inventories would have been $63.3 million and $56.8 million higher in 2007 and 2006, respectively. If Sauerbraten used the FIFO method exclusively, it would have reported 2007 gross profit closest to? a. $324. b. $330. c. $337.

Vanguard Enterprises prepared its financial statements for 2020 based on the information below. The company had cash of $2,300, inventory of $19,400, and accounts receivables of $8,100. The company's net fixed assets were $55,000, and other assets were $4,500. It had accounts payable of $13,700, notes payable of $5,500, common stock of $30,000, and retained earnings of $17,200. How much long-term debt did the firm have?

General accounting question

Answer 2

Question

Chapter 19, Problem 3QS

To determine

Introduction:

Job order costing is a system of costing where manufacturing costs are assigned to individual product or Batches of products.

To Match:

The titles of documents & accounts used in job order costing, with the purpose of the documents.

Given Information:

Titles of the documents

A Time Ticket

B Materials Ledger Card

C Voucher

D Factory Overhead account

E Materials Requisition

Purpose of the Documents

1 Shows amount of time an employee works on a job

2 Accumulates the cost of incurred overhead & the overhead cost assigned to specific jobs

3 Perpetual inventory record of raw materials received, used & available for use

4 Shows amount approved for payment of an overhead or other cost

5 Communicates the need for materials to complete a job

Expert Solution & Answer

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Answer 3

Question

Chapter 19, Problem 3QS

To determine

Introduction:

Job order costing is a system of costing where manufacturing costs are assigned to individual product or Batches of products.

To Match:

The titles of documents & accounts used in job order costing, with the purpose of the documents.

Given Information:

Titles of the documents

A Time Ticket

B Materials Ledger Card

C Voucher

D Factory Overhead account

E Materials Requisition

Purpose of the Documents

1 Shows amount of time an employee works on a job

2 Accumulates the cost of incurred overhead & the overhead cost assigned to specific jobs

3 Perpetual inventory record of raw materials received, used & available for use

4 Shows amount approved for payment of an overhead or other cost

5 Communicates the need for materials to complete a job

Expert Solution & Answer

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Check out a sample textbook solution

See solution

Answer 4

Question

Chapter 19, Problem 3QS

To determine

Introduction:

Job order costing is a system of costing where manufacturing costs are assigned to individual product or Batches of products.

To Match:

The titles of documents & accounts used in job order costing, with the purpose of the documents.

Given Information:

Titles of the documents

A Time Ticket

B Materials Ledger Card

C Voucher

D Factory Overhead account

E Materials Requisition

Purpose of the Documents

1 Shows amount of time an employee works on a job

2 Accumulates the cost of incurred overhead & the overhead cost assigned to specific jobs

3 Perpetual inventory record of raw materials received, used & available for use

4 Shows amount approved for payment of an overhead or other cost

5 Communicates the need for materials to complete a job

Expert Solution & Answer

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Answer 5

Chapter 19, Problem 3QS

To determine

Introduction:

Job order costing is a system of costing where manufacturing costs are assigned to individual product or Batches of products.

To Match:

The titles of documents & accounts used in job order costing, with the purpose of the documents.

Given Information:

Titles of the documents

A Time Ticket

B Materials Ledger Card

C Voucher

D Factory Overhead account

E Materials Requisition

Purpose of the Documents

1 Shows amount of time an employee works on a job

2 Accumulates the cost of incurred overhead & the overhead cost assigned to specific jobs

3 Perpetual inventory record of raw materials received, used & available for use

4 Shows amount approved for payment of an overhead or other cost

5 Communicates the need for materials to complete a job

Answer 6

Chapter 19, Problem 3QS

To determine

Introduction:

Job order costing is a system of costing where manufacturing costs are assigned to individual product or Batches of products.

To Match:

The titles of documents & accounts used in job order costing, with the purpose of the documents.

Given Information:

Titles of the documents

A Time Ticket

B Materials Ledger Card

C Voucher

D Factory Overhead account

E Materials Requisition

Purpose of the Documents

1 Shows amount of time an employee works on a job

2 Accumulates the cost of incurred overhead & the overhead cost assigned to specific jobs

3 Perpetual inventory record of raw materials received, used & available for use

4 Shows amount approved for payment of an overhead or other cost

5 Communicates the need for materials to complete a job

Answer 7

Chapter 19, Problem 3QS

To determine

Introduction:

Job order costing is a system of costing where manufacturing costs are assigned to individual product or Batches of products.

To Match:

The titles of documents & accounts used in job order costing, with the purpose of the documents.

Given Information:

Titles of the documents

A Time Ticket

B Materials Ledger Card

C Voucher

D Factory Overhead account

E Materials Requisition

Purpose of the Documents

1 Shows amount of time an employee works on a job

2 Accumulates the cost of incurred overhead & the overhead cost assigned to specific jobs

3 Perpetual inventory record of raw materials received, used & available for use

4 Shows amount approved for payment of an overhead or other cost

5 Communicates the need for materials to complete a job

Answer 8

Expert Solution & Answer

Answer 9

Expert Solution & Answer

Answer 10

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Answer 11

Ch. 19 - Prob. 1DQ Ch. 19 - Prob. 2DQ Ch. 19 - Prob. 3DQ Ch. 19 - Prob. 4DQ Ch. 19 - Prob. 5DQ Ch. 19 - Prob. 6DQ Ch. 19 - Prob. 7DQ Ch. 19 - Prob. 8DQ Ch. 19 - Prob. 9DQ Ch. 19 - Prob. 10DQ

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Chapter 19 Solutions

	Titles of the documents
A	Time Ticket
B	Materials Ledger Card
C	Voucher
D	Factory Overhead account
E	Materials Requisition

	Purpose of the Documents
1	Shows amount of time an employee works on a job
2	Accumulates the cost of incurred overhead & the overhead cost assigned to specific jobs
3	Perpetual inventory record of raw materials received, used & available for use
4	Shows amount approved for payment of an overhead or other cost
5	Communicates the need for materials to complete a job