Describe how costs flow through the accounting system in job order costing. [The following information applies to the questions displayed below.] We discuss how costs flow in a job order costing system. The Work in Process Inventory account accumulates the actual direct materials, actual direct labor, and applied manufacturing overhead cost of each job. The Manufacturing Overhead account accumulates all indirect costs that cannot be traced to specific jobs. When a job is completed, its total manufacturing cost is transferred out of Work in Process Inventory and into the Finished Goods Inventory account. Once a job is sold, its cost is transferred out of the Finished Goods Inventory account and into the Cost of Goods Sold account.
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Business, 21.06.2019 15:00
In order to be thoughtful about the implementation of security policies and controls, leaders must balance the need to with the impact to the business operations. doing so could mean phasing security controls in over time or be as simple as aligning security implementation with the business’s training events.
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Business, 21.06.2019 20:30
Monetary policy in the united states is carried out primarily by which of the following agencies? a. the department of the treasury b. the small business association c. the federal reserve bank d. the u.s. mint 2b2t
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Business, 21.06.2019 20:30
Andrew cooper decides to become a part owner of a corporation. as a part owner, he expects to receive a profit as payment because he has assumed the risk of - serious inflation eroding the purchasing power of his investment.- being paid before the suppliers and employees are paid.- losing his home, car, and life savings.- losing the money he has invested in the corporation and not receiving profits.- the company giving all of the profits to local communities
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Business, 22.06.2019 00:30
Norton manufacturing expects to produce 2,900 units in january and 3,600 units in february. norton budgets $20 per unit for direct materials. indirect materials are insignificant and not considered for budgeting purposes. the balance in the raw materials inventory account (all direct materials) on january 1 is $38,650. norton desires the ending balance in raw materials inventory to be 10% of the next month's direct materials needed for production. desired ending balance for february is $51,100. what is the cost of budgeted purchases of direct materials needed for january? $58,000 $65,200 $26,550 $25,150
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Describe how costs flow through the accounting system in job order costing. [The following informati...
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