13ACC Job Costing

What are the costs that can be directly associated with the production of a good or service?

• Direct costs

• Indirect costs

• Factory overhead

What are costs that are associated with production but not directly traceable to the output?

• Direct costs

• Indirect costs

• Variable costs

• Fixed costs

What is included in factory overhead costs?

• Factory electricity

• Depreciation of factory machinery

• Indirect labour such as supervisor's salary

• Direct labour

In the example of producing muffins, what are the ingredients?

• Raw materials

• Direct labour

• Overhead

• Output

In the example of producing muffins, what is mixing the muffins?

• Raw materials

• Direct labour

• Overhead

• Output

In the example of producing muffins, what is the oven electricity?

• Raw materials

• Direct labour

• Overhead

• Output

In the example of producing muffins, what are the completed muffins?

• Raw materials

• Direct labour

• Overhead

• Output

Cost _________ refer to the activity that creates the cost.

What are the most common cost drivers related to manufacturing production?

• machine hours

• labour hours

• factory open hours

• factory supervisor hours

How is the overhead rate calculated?

• Direct labour hour / direct machine hour

• Estimated cost driver / estimated overhead

• Estimated overhead / estimated cost driver

• Estimated machine hour / estimated overhead