3310solmod11

3310solmod11 - Module 11 Answers 6-1. Companies using a job...

Info iconThis preview shows pages 1–2. Sign up to view the full content.

View Full Document Right Arrow Icon

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full DocumentRight Arrow Icon
This is the end of the preview. Sign up to access the rest of the document.

Unformatted text preview: Module 11 Answers 6-1. Companies using a job order cost system are likely to be performing services or manufacturing products according to specific customer orders and product specifications. Construction contractors, manufacturers of special equipment, aircraft manufacturers, CPA firms, attorneys, and hospitals all employ job order cost systems. 6-2. There are two primary reasons that cost allocation bases using direct labor are common. First, direct labor historically was the most important resource used in manufacturing. Second, direct labor usage is already recorded for products meaning no additional record keeping is required. 6-15. (20 min.) Assigning Costs to Jobs: Darlington Workshops 1. Materials Inventory.................................................................... 8,000 Accounts Payable ......................................................... 8,000 2. Manufacturing Overhead........................................................... 400 Materials Inventory ................................................................. Materials Inventory ....
View Full Document

Page1 / 3

3310solmod11 - Module 11 Answers 6-1. Companies using a job...

This preview shows document pages 1 - 2. Sign up to view the full document.

View Full Document Right Arrow Icon
Ask a homework question - tutors are online