Homework Answers
4.
A) the three categories are - direct material , direct labor and manufacturing overhead.
B ) Work in process account will increase when assigned manufacturing cost.
C) finished goods account is increased when transferring a completed job.
D) cost of goods sold account is increased when sold a completed job.
5. Predetermined overhead is calculated based on estimated not actual overhead.
Predetermined overhead rate = $15000000/200000 = $75 per hour
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4. Answer the questions below to describe the flow of costs in a Job Order Costing...
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