Unformatted text preview: the total cost of a job at the time production on that particular job is completed. false 6. The overapplied or underapplied manufacturing overhead for the period is typically closed out to the Work-In-Process account. MC Questions: (2 points each) 1. The type of manufacturing company or operation that would be most likely to use a job-order costing system is a(n) A.) ball bearing manufacturer. B.) oil products refiner. C.) custom motor home manufacturer. D.) chemical products manufacturer. The answer is C . 2. In a job-order costing system, applying the manufacturing overhead by using an estimated overhead application rate would be recorded as a debit to: A.) Work-In-Process Inventory. B.) Manufacturing Overhead. C.) Raw Materials Inventory. D.) Finished Goods Inventory. The answer is A ....
View Full Document
- Summer '08
- Managerial Accounting, Finished Goods, overhead application rate, Christine Donaldson