Manufacturing overhead costs in product costs ensures

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Reference no: EM131202223

1. Including manufacturing overhead costs in product costs ensures that each product will earn a profit. True or False

2. Normally a job cost sheet is not prepared for a job until after the job has been completed. True or False

3. In a job-order costing system, the incurrence of indirect labor costs would be recorded as a charge to: A.Manufacturing overhead incurred. B.Finished goods. C.Work in process. D.Cost of goods sold

4. Overapplied overhead would result if: A.the plant was operated at le than normal capacity. B.manufacturing overhead costs incurred were less than estimated manufacturing overhead costs. C.Manufacturing overhead costs incurred were less than manufacturing overhead cost charged to production. D.Manufacturing overhead costs incurred were greater than manufacturing overhead charged to production.

Reference no: EM131202223

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