Which of the following is a characteristic of a job order costing system? Applie

Question

Which of the following is a characteristic of a job order costing system?

Applied overhead of a company exceeds actual overhead when the?

The document used to accumulate the costs of a job is called a:

Which of the following products would probably use a job order costing system?

a pens

b instant coffee

c computer monitors

d custom yacht

Which of the following products would probably use a job order costing system?
a. pens
b. instant coffee
c. computer monitors
d. custom yacht

The document used to accumulate the costs of a job is called a:

Applied overhead of a company exceeds actual overhead when the

Which of the following is a characteristic of a job order costing system?

Explanation / Answer

1. c. computer monitors. job order costing is for assigning production cost to group of products when products nature are unidentical to each other

2.The document used to accumulate the costs of a job is called a "Job Cost Record", it records the whole job process cost not a component cost.

3.Applied overhead of a company exceeds actual overhead when - Whenever the "Overhead Account" has a credit balance, applied overhead(as per the appiled overhead rate on basis) is greater than the actual overhead incurred

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