Job Order Costing Quiz 3 (9 MCQs)

Quiz Instructions:

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1. A journal entry to record goods that are completed is

2. Of the RM3, 400 total costs for direct materials, what amount will be transferred out?

3. Which company would most likely use job costing?

4. The overhead cost applied to a job during a period is recorded with a credit to Manufacturing Overhead account and a debit to:

5. Among all, which one is the characteristic of job-order cost system.

6. B material requirements for custom product orders

7. Hypothetical market value is equal to:

8. Which document shows the cost of direct materials, direct labor, and overhead applied for each specific job?

9. One of the accounting treatments for leftover materials is credited to the actual BOP account. The statement is true or false?