Question Case
Autor: Antonio • June 14, 2012 • Essay • 404 Words (2 Pages) • 1,841 Views
1. An example of a direct cost for a service provided by an accounting firm, such as a tax return, would be:
depreciation on computer system
labor of staff accountant who prepared the return
labor of file clerk who filed copies of return
paper on which return is printed
2. In a manufacturing environment, an indirect cost such as ______ would usually be allocated to a cost object.
utilities
raw materials
labor of employees who operate manufacturing equipment
labor of administrative secretaries
3. Job order costing:
can only be used in manufacturing
records the flow of costs for each customer
allocates an equal amount of cost to each unit made during a time period
is commonly used when each unit of output is identical
4. A job cost sheet details the:
direct materials purchased and paid
direct labor costs incurred
indirect labor costs incurred
actual support costs incurred
5. In a job order costing system, a manufacturing firm typically uses a cost driver rate to estimate the __________ used for a job.
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