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Question: PROBLEM 3: JOB ORDER COSTING 9 Why would a job order costing system not work for a company like K…

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Question: PROBLEM 3: JOB ORDER COSTING 9 Why would a job order costing system not work for a company like K...

Show transcribed image text PROBLEM 3: JOB ORDER COSTING 9 Why would a job order costing system not work for a company like Kelloge's Cereals or Tootsie Roll ndustries? Each question is worth 5 points 10 The amount of materials posted on a job cost sheet is supported by what source document? 11 The amount of direct labor posted on a job order cost sheet is supported by what source document? – The materials cost of JobA-$1,500 DirectLabor Cost-S396(S18 Per ho n Total Cost of Job A is $2,391. What is the predetermined overhead rate per direct labor hour? What is the predetermined overhead rate as a percentage of the direct labor cost? 12 MFO is applied on the basis of direct labor hours. PROBLEM4: GENERAL QUESTIONS ON MANAGERIAL ACCOUNTING Each question is worth 5 points 13 The cost of indirect materials when purchased is debited to what account? 14 When work in process is completed, the accumulated costs are transferred to which account? in accumulating costs in a manufacturing company, the salaries and wages paid to assembly line workers would be included as part of which cost category In accumulating costs in a ma In accumulating costs in a manufacturing the The cost flow in a manufacturing company starts with 15 16 manufacturing company, the salary of the plant manager and janitorial staff would be reported as part of 17 company, the salary of the accounting manager would be reported as part of 18 and then which becomes Finally upon sale, Accounts Receivable is debited with an offset to Sales Revenue along with a debit to and a credit to

PROBLEM 3: JOB ORDER COSTING 9 Why would a job order costing system not work for a company like Kelloge's Cereals or Tootsie Roll ndustries? Each question is worth 5 points 10 The amount of materials posted on a job cost sheet is supported by what source document? 11 The amount of direct labor posted on a job order cost sheet is supported by what source document? – The materials cost of JobA-$1,500 DirectLabor Cost-S396(S18 Per ho n Total Cost of Job A is $2,391. What is the predetermined overhead rate per direct labor hour? What is the predetermined overhead rate as a percentage of the direct labor cost? 12 MFO is applied on the basis of direct labor hours. PROBLEM4: GENERAL QUESTIONS ON MANAGERIAL ACCOUNTING Each question is worth 5 points 13 The cost of indirect materials when purchased is debited to what account? 14 When work in process is completed, the accumulated costs are transferred to which account? in accumulating costs in a manufacturing company, the salaries and wages paid to assembly line workers would be included as part of which cost category In accumulating costs in a ma In accumulating costs in a manufacturing the The cost flow in a manufacturing company starts with 15 16 manufacturing company, the salary of the plant manager and janitorial staff would be reported as part of 17 company, the salary of the accounting manager would be reported as part of 18 and then which becomes Finally upon sale, Accounts Receivable is debited with an offset to Sales Revenue along with a debit to and a credit to

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