Ch. 4 Multiple Choice

A job order costing system is most likely used by wotf?

an accounting firm specializing in tax returns

Wotf product situations is better suited to job order costing than to process costing?

The costs are easily traced to a specific product

Which document lists the total direct materials used in a specific job?

materials requisition form

In a job order cost system, raw materials purchased are debited to which account?

raw materials inventory

Assigning indirect costs to specific jobs completed by wotf?

using the predetermined overhead rate

In a job order cost system, factory wage expense is debited to which account?

work in process inventory

Wotf is a prime cost?

direct labor

The activity base for service industries is most likely to be ____

direct labor hours

During production, to what are the costs in job order costing applied?

each individual product

Wotf is a conversion cost?

factory depreciation expenses

Which document lists the total direct labor used in a specific job?

job cost sheet

Which document shows the cost of direct materials, direct labor, and overhead applied for each specific job?

job cost sheet

In a job order cost system, indirect labor incurred is debited to which account?

manufacturing overhead

In a job order cost system, utility expense incurred is debited to which account?

manufacturing overhead

In a job order costing system, which account shows the overhead used by the company?

manufacturing overhead

Which document lists the inventory that will be removed from the raw materials inventory?

materials requisition form

In a job order cost system, overhead applied is debited to which account?

work in process inventory