JOB ORDER COSTING

Which of the following is most likely to use job-order costing

• San Miguel Corp Brewery

• Toyota Automobile manufacturer

• DMCI Bridge Builder

• YKK corp Zipper manufacturer

The source document that records the amount of time of spent on a job and his/ here pay rate is the

• Job order cost sheet

• Workers time sheet

• Production order

• labor requisition form

The following types of firms typically would use job order costing except?

• a small appliance repair shop

• A manufacturer of commercial passenger aircraft

• a Specialty equipment manufacturer

• a breakfast cereal manufacturer

Job order costing and process costing are

• inventory tracking system

• cost flow systems

• cost accounting system

• pricing systems

The job order cost sheet for incomplete at the end of the period comprise the subsidiary ledger for

• Finished goods inventory

• Raw Materials Inventory

• Work in Process Inventory

• Supplies inventory

The cost of completed but unsold job is part of

• cost of good sold

• Work in Process inventory balance

• Finished goods inventory balance

• materials inventory balance

The job cost sheet

• is discarded after production is completed on a particular job

• contains only direct costs such a direct materials and direct labor

• summarizes all costs charged to a particular job

• is useful only in process costings

Under job order costing systems, the use of indirect materials would usually be recorded as an increase in

• materials

• work in process

• factory overhead applied

• factory overhead control

The entry for jobs completed is

• debit cost of goods manufactured

• debit work in process

• debit cost of goods sold

• debit finished goods

Which of the following costs are not included in the Finished Goods inventory

• Direct materials

• Direct labor

• Salesman Salary

• Factory Supervisor Salary