1. The following characteristics belong to job costing? A. Costs are accumulated

Question

1. The following characteristics belong to job costing?

A. Costs are accumulated by the job, product or service is unique.

B. Product or service is unique and mass production.-----This is WRONG

C. Mass production and every product is the same.

D. Mass production and costs are accumulated by job.

2. Assigned overhead rate is calculated, using normal costing:

A. The PDOR rate times estimated activity--This is wrong

B. The PDOR rate times actual activity

C. Accountants adding all receipts at end of the year.

D. None of the above.

Explanation / Answer

1.C. Mass production and every product is the same.

2.B. The PDOR rate times actual activity

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