When a job is complete:
A: Work-in-Process Control is debited
B: Finished Goods Control is credited
C: the cost of the job is transferred to Manufacturing Overhead Control
D: actual direct materials, actual direct manufacturing labor, and allocated manufacturing overhead will comprise the total cost of the job
A: Work-in-Process Control is debited
B: Finished Goods Control is credited
C: the cost of the job is transferred to Manufacturing Overhead Control
D: actual direct materials, actual direct manufacturing labor, and allocated manufacturing overhead will comprise the total cost of the job
举一反三
- Whenever direct material, direct labor, and manufacturing overhead are recorded on a job cost record, an associated journal entry is made to debit which of the following accounts? ( ) A: Sales Revenue B: Finished Goods Inventory C: Cost of Goods Sold D: Work in Process Inventory
- If a company uses a predetermined overhead rate, actual manufacturing overhead costs of a period will be recorded in the Manufacturing Overhead account and will be recorded on the job cost sheets.
- Manufacturing overhead includes direct materials, direct labor and other manufacturing costs.
- Manufacturing overhead includes all manufacturing costs except direct materials and direct labor.
- In a job-order costing system, manufacturing overhead applied is recorded as a debit to: A: Raw Materials inventory. B: Finished Goods inventory. C: Work in Process inventory. D: Cost of Goods Sold.