Question: 1. Work in Process is a control account supported by detailed cost data contained in: A. job cost sheets. B. the Manufacturing Overhead account. C.
1. Work in Process is a control account supported by detailed cost data contained in: A. job cost sheets. B. the Manufacturing Overhead account. C. the Finished Goods inventory account. D. purchase requisitions. 2. In job-order costing, all the following statements are correct with respect to labour time and cost except: A. time tickets are kept by employees showing the amount of work on specific jobs. B. the job cost sheet for a job will contain all direct labour charges to that job. C. labour cost that can be traced to a job only with a great deal of effort is treated as part of manufacturing overhead. D. a machine operator performing routine annual maintenance work on a piece of equipment would charge the maintenance time to a specific job. 3. In a job-order costing system, the journal entry to record the application of overhead cost to jobs would include: A. a credit to the Manufacturing Overhead acc B. a credit to the Work in Process inventory account. C. a debit to Cost of Goods Sold. D. a debit to the Manufacturing Overhead account
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