UMUC ACCt301 quiz 3
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Question
1. Which of the following statements concerning job costing systems is incorrect?
a. Cost drivers are those items which cause actual overhead to exceed applied overhead.
b. Job costing systems are appropriate to both manufacturing and service businesses.
c. Traditionally, direct labor has been a very popular overhead application base.
d. In a service business, indirect costs of providing a service are treated as overhead and applied in a manner similar to that for factory overhead.
2. W...
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UMUC ACCt301 quiz 3•UMUC ACCt301 quiz 3
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Question
1. Which of the following statements concerning job costing systems is incorrect?
a. Cost drivers are those items which cause actual overhead to exceed applied overhead.
b. Job costing systems are appropriate to both manufacturing and service businesses.
c. Traditionally, direct labor has been a very popular overhead application base.
d. In a service business, indirect costs of providing a service are treated as overhead and applied in a manner similar to that for factory overhead.
2. W...