ch.19_jobordercosting - Ch.19 Learnsmart job order costing...

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Ch.19 Learnsmart job order costingManagerial Accounting: Chapter 19 LearnSmart3/23/2017QuestionsoA company has a predetermined overhead rate of 50% of direct labor costs. Job62 incurs $560 in labor costs. Overhead allocated to job 62 will be $280(50% * $560 = $280)oCharacteristics of cost accounting systems include: (check all that apply.)
oMatch the following activities to their affect on the general ledger accountsAllocate overhead costs to jobs----- credit factory overheadPay factory utilities------ debit factory overheadPurchase indirect materials---- debit raw materials inventoryUse indirect materials--- credit raw materials inventoryDirect labor used---- debit work in process inventoryoList the following documents in the order in which they are used when recording indirect labor costs in job order costing, with the first document on top1.Time tickets2.Factory overhead ledger3.Allocated to specific jobs through factory overheadoThe journal entry to record the use of direct materials in production is to:Debit work in process inventory and credit raw materials inventoryo

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