Job Order & Process Costing

Which of the following is the correct statement represents job costing

• Only includes Prime Cost

• To provide selling price of the product

• To calculate Cost unit based single job order

• To identify the cost of productions

What is the best description of job costing?

• used when a product of one process becomes the material of another
• used in areas such as hotels, transport and entertainment where an actual product is not made
• used to determine a break-even point
• used when work consists of different products each time, made to meet customer's specific needs

What items of expenditure go together to make up the PRIME COST?

• Materials only
• Labour only
• Both materials and labour
• Materials, labour and overheads

The two basic types of cost accounting systems are:

• Job order costing and perpetual costing.
• Job order costing and customized product costing.
• Job order costing and periodic costing.
• Job order costing and process costing.
  

Conversion costs are

• direct material plus labour cost

• direct labour plus manufacturing overhead

• direct materials plus manufacturing overhead

• indirect material plus indirect labour

Process costing is a method of costing used in what type of industries?

• Manufacturing
• Construction
• Transportation
• Hospitality

Manufacturing overhead is underapplied if :

• actual overhead is less than applied overhead

• actual overhead is greater than applied overhead

• the predetermined overhead rate equals the actual rate

• actual overhead equals applied overhead

Gambar menunjukkan kartu pesanan Jonas Company untuk pesanan tas dengan nomor 245. Berdasarkan kartu pesanan tersebut, tentukan total biaya overhead pabrik (ditandai dengan lingkaran merah) yang dikeluarkan untuk pesanan dengan nomor245 itu.

• $ 160

• $ 180

• $ 150

X Co. menggunakan dasar overhead dengan jam tenaga kerja langsung {jam TKL). Total perkiraan biaya overhead untuk setahun adalah sebesar $ 780,000. Sedangkan total perkiraan biaya TKL adalah $1,820,000 dan total perkiraan jam TKL adalah 260,000. Hitung tarif biaya overhead pabrik (BOP) per jam.

• $ 7

• $ 3

• $ 2,33

A company that uses a job order costing system would make the following entry to record the flow of direct labours into production:

• debit Work in Process, credit finished goods

• debit Work in Process, credit Manufacturing Overhead.

• debit Manufacturing Overhead, credit Direct labours .

• debit Work in Process, credit wages payable