OPERACIÓN DEL SISTEMA DE COSTOS

What is the primary difference between job order costing and process costing?

• Job order costing is for mass production, while process costing is for unique items.

• Job order costing tracks costs per individual unit, while process costing tracks average costs for total production.

• Job order costing is used by large factories, while process costing is used by small businesses.

• Job order costing focuses on labor costs, while process costing focuses on material costs.

What is the main purpose of a production order in a job order costing system?

• To track employee attendance and labor hours.

• To authorize the purchase of new machinery.

• To specify what needs to be produced and its unique characteristics.

• To calculate the total revenue generated from sales.

Why is it important for the material requisition document to include the production order number?

• To ensure the warehouse has enough stock.

• To justify the material request to the warehouse and allow the Costs department to associate materials with a specific order.

• To track the delivery schedule of materials.

• To determine the selling price of the finished product.

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What information does a work ticket provide that is crucial for cost accounting, even when using modern time-tracking software?

• The total time an operator spent inside the factory.

• The specific production order an operator worked on and the duration of that work.

• The operator's hourly wage and total earnings for the day.

• The quantity of raw materials consumed for a particular product.

How is the indirect manufacturing cost quota calculated based on the example provided?

• By multiplying the total indirect manufacturing costs by the total direct labor hours.

• By dividing the total direct labor hours by the total indirect manufacturing costs.

• By dividing the total indirect manufacturing costs by the total direct labor hours.

• By adding the total indirect manufacturing costs and the total direct labor hours.