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Principles of Accounting Volume 2: Managerial Accounting
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Q1 | Assigning indirect costs to specific jobs is completed by which of the following?
applying the costs to manufacturing overhead
using the predetermined overhead rate
using the manufacturing costs incurred
applying the indirect labor to the work in process inventory
Q2 | In a job order cost system, which account shows the overhead used by the company?
work in process inventory
finished goods inventory
cost of goods sold
manufacturing overhead
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