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Job-Order Costing System Processes

Instructions:

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question 1 of 3

Which form would contain the materials used for a custom-ordered job?

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1. Where would a manager find all the costs associated with a particular job or project, including materials, labor, and overhead costs?

2.

Given the following information, what is the pre-determined overhead allocation?

Total factory overhead costs = $25,000

Total direct labor hours = 5,000

Total direct labor costs = $10,000

Total materials cost = $15,000

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About This Quiz & Worksheet

Evaluate your ability to understand job-order costing system procedures. The quiz will test you in areas such as the name of a form that contains the materials for a custom-ordered job and where to find the costs associated with a particular job-order costing process.

Quiz & Worksheet Goals

This quiz will determine your knowledge of the following:

  • Calculating the pre-determined overhead allocation
  • Example of an item in a given list that is not a cost component in a job-order costing system
  • A form that has the materials that are used for a custom-ordered job
  • A document that contains the number of hours for a specific project by employee
  • Location of all the costs related to a specific job-order costing process

Skills Practiced

  • Reading comprehension - ensure that you draw the most important information from the related lesson on job-order costing system procedures
  • Information recall - access the knowledge you've gained regarding how to calculate the pre-determined overhead allocation
  • Knowledge application - use your knowledge to answer a question about a document that contains the number of hours for a specific project by an employee

Additional Learning

For more information about business-related projects and costs, read through the lesson titled, Job-Order Costing System Processes. The lesson covers these objectives:

  • Review what manufacturing overhead is and its significance
  • Recall all of the information that can be found on a job cost sheet
  • Define what raw materials are
  • Identify the significance of finding out how much a project costs
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