ECONOMICS

Detailed explanation-1: -This costing method is usually adopted when the manufacturer produces a variety of products which are different from one another and needs to calculate the cost for doing an individual job. Job costing includes the direct labor, direct materials, and manufacturing overhead for that particular job.

Detailed explanation-2: -It accumulates costs for each department within the factory, is not a characteristic of a job order costing system.

Detailed explanation-3: -A job cost sheet usually includes the customer name, address, job number, job description, date started, date completed, and estimated completion date. The costs for the job are recorded on the sheet during the production process. This usually happens in three categories: direct materials, direct labor, and overhead.

Detailed explanation-4: -Which of the following statements is true of a normal costing system? In a normal costing system, only the costs incurred for direct materials are used to determine unit cost.