chapter 5

Question 1

job order costing

Answer 1

Many different products are produced each period

Question 2

charge direct material and direct labour costs to…

Answer 2

each job as work is performed

Question 3

Manufacturing Overhead, including indirect materials and indirect labour are allocated to…

Answer 3

all jobs rather than directly traced to each individual job

Question 4

actual costing

Answer 4

Actual direct materialand direct labor combined withactual overhead

Question 5

normal costing

Answer 5

Actual direct materialand direct labor combined withpredetermined overhead

Question 6

POHR equation

Answer 6

estimated total manufacturing overhead cost / estimated total units in the allocation base

Question 7

overhead applied equation

Answer 7

POHR x actual actiivty

Question 8

direct materoals go to … indirect go to ….

Answer 8

direct - job cost sheets
indirect - man overhead accoung

Question 9

employee ticket labour t sheet

Answer 9

direct labour - job cost sheets
infirect labour - manu overhead account

Question 10

applied overhead goes to …

Answer 10

job cost sheet

Question 11

non manufacturing costs are not assigned to ….

Answer 11

individual jobs they are expensed in period incurred

Question 12

underapplied overhead

Answer 12

amount of overhead applied to jobs during the period using the predetermined overhead rate is less than the total amount of overhead actually incurred during the period

Question 13

overapplied overhead

Answer 13

when the amount of overhead applied to jobs during the period using the predetermined overhead rate is greater than the total amount of overhead actually incurred during the period.

Question 14

where does the under or over applied overhead go?

Answer 14

in allocated to WIP, COGS, or FG

or all to COGS

Question 15

to close out overapplied overhead to COGS (dr/cr)

Answer 15

debit manufact ovehead
credit cogs

Question 16

close out using allocation way

Answer 16

debit manufact overhead

crfedit WIP, COGS, finished goods