List the following documents in the order in which

This preview shows page 1 - 3 out of 3 pages.

8.List the following documents in the order in which they are used when recording indirectmaterials costs in job cost accounting, with the first document on top:
9.If the factory overhead is underapplied then:
10.The journal entry to record the use of direct materials in production is to:
11.Match the following activities to their effect on the general ledger accountsa.Allocate overhead costs to jobs=credit factory overheadb.Pay factory utilities= debit factory overheadc.Purchase indirect materials= debit raw materials inventoryd.Use indirect materials= credit raw materials inventorye.Direct labor used=debit work in progress inventory12.The journal entry to record the use of direct labor is the same as the journal entry to recordindirect labor: true13.A company has a predetermined overhead rate of 50% of direct labor costs. Job 62 incurs $560in labor costs. Overhead allocated to job 62 will be $280. (.50*560)14.Characteristics of the cost accounting system are:

Upload your study docs or become a

Course Hero member to access this document

End of preview. Want to read all 3 pages?

Upload your study docs or become a

Course Hero member to access this document

Term
Spring
Professor
Curfman
Tags
Managerial Accounting, b Pay factory

  • Left Quote Icon

    Student Picture

  • Left Quote Icon

    Student Picture

  • Left Quote Icon

    Student Picture