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Fundamental Accounting Principles Study Set 5
Quiz 19: Job Order Cost Accounting
In a Job Order Cost Accounting System, Indirect Labor Costs
Question 33
True False
In a job order cost accounting system, indirect labor costs are debited to the Factory Overhead account.
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Q 34
Since a predetermined overhead allocation rate is established before a period begins, this rate is revised many times during the period to compensate for inaccurate estimates previously made.
Q 35
Under a job order cost accounting system, individual jobs are always charged with actual overhead costs when they are transferred to finished goods.
Q 36
Overapplied overhead is the amount by which actual overhead cost exceeds the overhead applied to products during the period.
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