The answer is letter c. The foremost concern with the source documents of job cost records is the accuracy of the records. Problems happening in this area consist of incorrect recording of quantity or dollar amounts, materials recorded on one job being “borrowed” and used on other jobs, and erroneous job numbers being assigned to materials or labor inputs. The main advantages of using computerized source documents for job cost records are the accurateness of the records and the capability to offer managers with immediate feedback to help control job costs.
Answer:
total product costs = $101750
Explanation:
given data
overhead costs = $ 100
Direct materials of $41,000
direct manufacturing labor = 450
per hour = $35
markup rate = 30 %
solution
we get here total product costs that is express as
total product costs = Direct materials + DML + MOH ..........1
total product costs = $41,000 + ( 450 × $35 ) + ( 450 × $100 )
total product costs = $41,000 + $15750 + $45000
total product costs = $101750
Answer:
<em>ledger account contains a record of business transactions.</em>
<em>while</em>
<em> journal is defined as the book of original entry.</em>
<em>Explanation:</em>
<em>A ledger account contains a record of business transactions. It is a separate record within the general ledger that is assigned to a specific asset, liability, equity item, revenue type, or expense type. Examples of ledger accounts are: Cash. Accounts receivable.</em>
<em>A journal is a detailed account that records all the financial transactions of a business, to be used for future reconciling of and transfer to other official accounting records, such as the general ledger</em>
