Job order costing applies to manufacturing firms only and not to service firms.
Correct Answer:
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Q24: The journal entry to record direct materials
Q26: Materials requisitions and time tickets are cost
Q27: Service firms cannot use job order costing
Q28: A time ticket is a source document
Q29: In nearly all job order cost systems,
Q30: The total cost of completed but undelivered
Q32: Requisitions of indirect materials are not recorded
Q33: Time tickets can be used to determine
Q34: A materials requisition is a source document
Q40: The cost of all direct materials issued
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