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.
内容
- 0
Williams company's direct labor cost is 25% of its conversion cost, If the manufacturing overhead for the last period was $45000 amd direct material cost was $25000, the direct lsbor cost was ( ). A: 15000 B: 60000 C: 33333 D: 20000
- 1
The total of direct materials, direct labour and direct expenses is known as: A: Production cost B: Overhead C: Prime cost D: Total cost
- 2
When closing overapplied manufacturing overhead to Cost of Goods Sold, which of the following would be true? A: Work in Process will decrease. B: Cost of Goods Sold will increase. C: Net income will decrease. D: Gross margin will increase.
- 3
Which of the following is an absolute requirement in job costing? A: A client asks the company to quote for a job B: Use of a composite cost unit C: Job specific cost control procedures are put in place D: All direct costs of the job are coded to the job code
- 4
Which of the following costs belongs to Selling and Administrative Costs? A: Direct Labor Cost B: Direct Material Cost C: Depreciation of manufacturing equipment D: Sales Commissions