Raw Materials Inventory Factory Labor and Manufacturing Overhead are all control accounts in the general ledger when a job order cost accounting system is used.

Question

Quizplus · Accepted Answer

In a job order cost accounting system, Raw Materials Inventory, Factory Labor, and Manufacturing Overhead are not control accounts; they are instead categories of costs that are tracked separately. Control accounts are typically used in the general ledger to summarize the details of transactions that are recorded in subsidiary ledgers.

Raw Materials Inventory Factory Labor and Manufacturing Overhead Are All