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What is Job Order Costing Fundamentals about?

1. Job order costing focuses on accumulating costs by individual job. Costs include direct materials, direct labor, and allocated manufacturing overhead. 2. Costs are accumulated by job and a job order cost sheet tracks the costs of each job. 3. When a job is complete, its costs are transferred from Work in Process Inventory to Finished Goods Inventory.

Author

Andrea Nicole MASANGKAY

Language

EN