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Job order Exercises 2. Which one of the following best describes a job cost sheet? a. It is a form used to record the costs chargeable to a specific job and to determine the total and unit costs of the completed job. b. It is used to track manufacturing overhead costs to specific jobs. c. It is used by management to understand how direct costs affect profitability d. It is a daily form that management uses for tracking worker productivity on which employee raises are based. 3. A materials requisition slip showed that direct materials requested were $65,000 and indirect materials requested were $8,000. The entry to record the transfer of materials from the storeroom is a. Work In Process Inventory..65,000 Raw Materials Inventory 65,000 65,000 8,000 Indirect Materials. Work in Process Inventory 73,000 c. Manufacturing Overhead... ....73,000 Raw Materials Inventoy 73,000 d. Work In Process Inventory Manufacturing Overhead 65,000 8,000 Raw Materials Inventory. 73,000 5. Baab Mfg. provided the following information from its accounting records for 2014: Expected production Actual production Budgeted overhead Actual overhead 32,000 labor hours 30,000 labor hours $976,000 $928,000 How much is the overhead application rate if Raab bases the rate on direct labor hours? a. $30.50 per hour b. $32.53 per hour c. $30.93 per hour d. $29.00 per hour 6. Madaas Company manufactures customized desks. The following pertains to Job No. 987: Direct materials used Direct labor hours worked Direct labor rate per hour $11,450 360 $15.00

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