Indicate Whether Each of the Following Statements About Job-Order Costing

question 15

Short Answer

Indicate whether each of the following statements about job-order costing systems is true or false.
A company using a job-order costing system assigns an identification number to each job or batch of products.______
With a job-order costing system,costs for all jobs worked on during a period are accumulated together and then allocated to individual jobs.______
Job-order costing systems involve some averaging in the calculation of the costs of products.______
In a job-order costing system,the Work in Process Inventory account is a temporary account.______
In a job-order costing system,each job cost sheet includes direct materials,direct labor,and manufacturing overhead cost.______