acc 17 – Flashcards
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When a manufacturing company uses direct materials, it assigns the cost by debiting
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Work-in-Process Inventory.
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When a manufacturing company uses indirect materials, it accumulates the cost by debiting
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Manufacturing Overhead.
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When a manufacturing company uses direct labor, it assigns the cost by debiting
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Work-in-Process Inventory.
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would a manufacturing company use a job order costing system? what about a cell phone manufacturer?
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Advertising would use job order costing. cell phone manufacturer would use process costing
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A manufacturing company completed a job. The job is transferred into ________ with a __________
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finished goods inventory with a debit
