2.1 Smartbook

The type and quantity of each type of direct material needed to complete a unit of product is listed on the Blank______.

bill of materials

Costs assigned to units of product in absorption costing include Blank______ manufacturing costs.

both variable and fixed

All hours on computerized time tickets are automatically posted directly to job cost sheets.

false

A bill of materials contains the Blank______.

quantity of each direct material needed to complete a unit of product type of each direct material needed to complete a unit of product

Which of the following is not a manufacturing cost category?

selling & administrative costs

The document that provides an hour-by-hour summary of the employee's activities throughout the day is called a Blank______.

time ticket

All manufacturing costs are assigned to units of product and all nonmanufacturing costs are treated as period cost under _________ costing.

absorption

Categories of manufacturing costs include Blank______.

direct labor direct materials manufacturing overhead

The type and quantity of materials to be drawn from the storeroom and the job that will be charged for the materials is specified on the Blank______.

materials requisition form

The document that records the materials, labor, and manufacturing overhead costs charged to a job is the Blank______.

job cost sheet

Companies that make many different products each period use _______-_______ costing.

job-order

A job cost sheet contains Blank______ the job.

labor costs charged to materials costs charged to manufacturing overhead charged to

Materials requisition forms are used for Blank______.

making journal entries in accounting records controlling the flow of materials into production

Companies that use job-order costing make Blank______.

many different products