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VII. Each job in production has a job order _________________. A. Has space for

ID: 2419391 • Letter: V

Question

VII.    Each job in production has a job order _________________.

A.     Has space for direct materials, direct labor, and overhead costs.

B.     Includes the job order number, product specifications, customer name, date of order, projected completion date, and a cost summary.

C.     For incomplete jobs, they make up the _______________ ledger for the Work in Process Inventory account.

D.     When a job is completed, the costs are totaled on the _____________________.

1.      Unit cost is computed to _____________ items in inventory.

                 2.    Product ___________ Cost = Total Costs for Job ÷ Number of Good Units Produced

VIII.   Job order costing systems are also used in ______________ organizations.

A.     Job order cost cards track ________________ contracts.

Explanation / Answer

VII. - Cost sheet

C. Subsidiary ledger.

D. Job cost sheet.

1. Completed.

2. Unit.

VIII. - Manufacturing and Service organizations.

A. Completed,Work in process.