1. Match the phrase to the right answer. -Type of labor incurred by hands on factory...

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1. Match the phrase to the right answer. -Type of labor incurred by hands on factory...

1. Match the phrase to the right answer.

-Type of labor incurred by hands on factory workers

-Document for capturing labor hours -Account where jobs are born

-Type of Overhead put into WIP when using Job Costing

-Landing place for sold jobs

-Cost of finished products for the period Location of all completed jobs awaiting sale

Some Options are: Direct, Actual, Timecard, Allocated, Work in process, Cost of goods manufactured, Finished Goods, Cost of goods sold.

2. Put the following job costing related events in the proper sequence:

- Raw materials are purchased

-The company prepares to start manufacturing a product and opens a job.

-When the product is sold the job moves to cost of goods sold.

-Raw materials are transferred into WIP

-Manufacturing overhead is allocated to WIP

-Direct labor costs are incurred and added to WIP

-As products are completed jobs move to finished goods

business accounting

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Match the phrase Phrase -Type of labor incurred by hands on factory workers Direct -Document for capturing labor hours Timeca

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