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Costing Systems and Job-Order Costing Overview Quiz
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Costing Systems and Job-Order Costing Overview Quiz

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Questions and Answers

In job-order costing, when are direct material and direct labor costs charged to each job?

  • When the job is completed
  • As work is performed (correct)
  • At the end of the production period
  • At the beginning of the production period
  • Which type of companies would typically use job-order costing?

  • Companies producing many different products each period (correct)
  • Companies with no variation in their products
  • Companies with standardized product lines
  • Companies with automated production processes
  • How are manufacturing overhead costs handled in job-order costing?

  • Allocated to all jobs (correct)
  • Ignored in cost calculations
  • Directly traced to each job
  • Charged only to high-value jobs
  • What is a characteristic of job-order costing systems?

    <p>Tracing or allocating costs to each job</p> Signup and view all the answers

    What type of costs are easily traceable to the final product in job order costing?

    <p>Direct materials and direct labor</p> Signup and view all the answers

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