Chapter 3-Job Order Costing LearnSmart

Place these items in the order in which they appear on the schedule of costs of goods sold -Adjusted cost of goods sold -Unadjusted cost of goods sold -Add: Under applied overhead -Deduct: Finished goods inventory, ending -Cost of goods available for sale

-Cost of goods available for sale -Deduct: Finished goods inventory, ending -Unadjusted cost of goods sold -Add: Under applied overhead Adjusted cost of goods sold

Manufacturing overhead costs: -are indirect costs -tend to vary significantly, in total, from one period to the next -consist of many different items -do not impact the average cost per unit

-are indirect costs -consist of many different things

Typical cost drivers include: -machine depreciation -machine-hours -flight-hours -utilities cost -computer time

-machine-hours -flight-hours -computer time

On which financial statement do selling and administrative costs first appear?

Balance sheet

What is debited in the journal entry to record the purchase of materials?

Raw materials

Labor costs that are easily traced to a job are called _________ labor costs.

direct