COST ACCOUNTING
MANUFACTURING OVERHEAD
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Direct materials, applied overhead, administrative costs.
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Direct materials, direct labor, applied overhead.
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Direct labor, actual overhead, selling costs.
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Direct materials, direct labor, operating costs.
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Detailed explanation-1: -Ans. 17 Option D All manufacturing costs (direct materials, labor and overheads) are included in a job cost sheet.
Detailed explanation-2: -It’s a record of the costs incurred for a single job. 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.
Detailed explanation-3: -Together, the direct materials, direct labor, and manufacturing overhead are referred to as manufacturing costs.
Detailed explanation-4: -The three cost categories appearing on a job cost sheet are: selling expense, manufacturing expense, and administrative expense. 3. Under a job-order cost system the Work in Process account is debited with the cost of materials purchased.
Detailed explanation-5: -Job cost sheets contain entries for actual direct material, actual direct labor, and actual manufacturing overhead cost incurred in completing a job.