Match Each Business That Follows with the Job Cost System

question 178

Short Answer

Match each business that follows with the job cost system (a or b) it would most likely utilize.
-Videographer
A)Job order cost system
B)Process cost system

• A)Job order cost system
• B)Process cost system

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Definitions:

Actual Overhead

The real costs incurred for overhead in production processes, as opposed to budgeted or estimated costs.

Overhead Applied

The portion of overhead costs allocated to individual products or services based on a predetermined rate.

Indirect Materials

Substances utilized during manufacturing that cannot be specifically associated with any single product, like machine lubricants.

Work in Process

Goods that are in various stages of the manufacturing process but are not yet completed, representing a component of a company's inventory.