Service firms, unlike manufacturing firms, should only use actual costs when determining a selling price for their services.
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Q31: Only product costs are recorded on job
Q32: When a job is finished, its job
Q33: A materials requisition is a source document
Q34: Job cost sheets include both product and
Q35: When materials are used as indirect materials,
Q37: The journal entry to record the usage
Q38: A time ticket is a source document
Q39: Both direct and indirect labor costs are
Q40: The cost of all direct materials issued
Q41: Factory overhead is often collected and summarized
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