In a job cost system, the overhead costs are assigned using:

Question

Quizplus · Accepted Answer

In a job cost system, the overhead costs are assigned using a predetermined overhead rate, which is calculated by estimating the total overhead costs for the period and dividing it by the estimated total amount of the allocation base (such as direct labor hours or machine hours). This method provides a consistent and systematic way to allocate overhead costs to each job based on their usage of the allocation base.

In a Job Cost System, the Overhead Costs Are Assigned