Which of the following statements about a job-order costing is correct?
A)Many different jobs are listed on a job-order cost sheet.
B)Direct labour is allocated to jobs along with overhead.
C)Work in process consists of all completed work.
D)Time tickets are used to post the cost of direct labour to individual jobs.

Question

Quizplus · Accepted Answer

Time tickets are used to track the amount of direct labor time spent on each individual job, and this information is then used to allocate the cost of direct labor to each respective job. Option A is incorrect because job-order costing only deals with a single job at a time. Option B is incorrect because overhead is allocated separately from direct labor. Option C is incorrect because work in process only includes partially completed jobs, not completed ones.

Which of the Following Statements About a Job-Order Costing Is