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Determination of Cost under Job-order costing:
The Cost to be charged for the jobs shall be determined on the basis of actual cost incurred on direct material used on the jobs computed on the basis of material requisition sheet and actual cost of labour hours worked on a specific job which can be determined on the labour card prepared for the respective job.
However, the manufacturing
The Total cost assigned to Job 303.
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Horngren's Accounting (11th Edition)
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