Under a Job Order Cost System of Accounting,the Entry to Distribute

question 12

Multiple Choice

Under a job order cost system of accounting,the entry to distribute payroll to the appropriate accounts would be:

• A)Debit-Payroll Credit-Wages Payable
• B)Debit-Work in Process Debit-Factory Overhead
• Debit-Selling and Administrative Expense
• Credit-Payroll
• C)Debit-Work in Process Debit-Finished Goods
• Debit-Cost of Goods Sold
• Credit-Payroll
• D)Debit-Work in Process Debit-Factory Overhead
• Debit-Selling and Administrative Expense
• Credit-Wages Payable

Calculate total job costs and unit product costs using job-order costing data.

Understand the role of fixed and variable manufacturing overhead costs in job-order costing.

Recognize the impact of using single plantwide predetermined overhead rates versus department-specific rates.

Calculate and understand selling prices based on manufacturing costs and markup percentages.

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