In a Job Order Cost Accounting System Used by a Service

question 189

Multiple Choice

In a job order cost accounting system used by a service business, which of the following items would normally not be included as part of overhead?

• A) materials
• B) direct labor
• C) rent
• D) supplies

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Definitions:

Fourth Quarter Earnings

The financial performance of a company in the final quarter of its fiscal year, often used as an indicator of annual performance.

Beta

A financial metric that measures the volatility of a stock or portfolio in comparison to the market as a whole.

Annualized Return

The geometric average amount of money earned by an investment each year over a given time period, often used to compare the performance of investments with different time horizons.