What is Job Order Costing?
JOC COSTING

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Education
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laili ismail
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10 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
A method of costing where work is undertaken to customer's specific requirements on the basis of orders
A method of costing where work is undertaken to customer's specific requirements on the basis of estimates
A method of costing where work is undertaken to customer's general requirements
A method of costing where work is undertaken without any specific requirements
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
How is unit cost computed in Job Order Costing?
By dividing the total job cost by the total number of jobs
By dividing the total job cost by the units produced on the job
By dividing the total job cost by the total direct material cost
By dividing the total job cost by the total direct labour cost
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the purpose of Predetermined Overhead Rate (POR)?
To calculate the total manufacturing overhead cost
To calculate the total direct material cost
To establish the relationship between estimated overhead cost and expected allocation base
To calculate the total direct labour cost
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the formula to calculate Predetermined Overhead Rate (POR)?
Total direct material cost/Total direct labour cost
Total job cost/Units produced on the job
Estimated overhead cost/Expected allocation base
Total manufacturing overhead cost/Total direct material cost
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
How is the output price determined in Job Order Costing?
By applying manufacturing overhead to the job
By calculating the Predetermined Overhead Rate (POR)
By dividing the total job cost by the units produced on the job
By calculating the total direct material cost
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the characteristic of products produced in Job Order Costing?
Produced based on company's internal needs
Produced without any specific requirements
Produced in large quantities
Produced based on customer order and specification
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
How is manufacturing overhead cost assigned in Job Order Costing?
By calculating Predetermined Overhead Rate (POR) and applying it to the job
By dividing the total job cost by the units produced on the job
By calculating the total direct material cost
By calculating the total direct labour cost
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