Which of the following statements are true? 1. A cost driver is a factor, such as machine-hours, beds occupied, computer time, or flight-hours, that causes direct costs. II. Job-order costing systems often use allocation bases that do not reflect how jobs actually use overhead resources. III. An employee time ticket is an hour-by-hour summary of the employee's activities throughout the day.

Which of the following statements are true? 1. A cost driver is a factor, such as machine-hours, beds occupied, computer time, or flight-hours, that causes direct costs. II. Job-order costing systems often use allocation bases that do not reflect how jobs actually use overhead resources. III. An employee time ticket is an hour-by-hour summary of the employee's activities throughout the day.

Name: Which of the following statements are true?1. A cost driver is a fact
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Description: Which of the following statements are true?1. A cost driver is a factor, such as machine-hours, beds occupied, computer time, or flight-hours, that causes direct costs.II. Job-order costing systems often use allocation bases that do not reflect how

Principles of Accounting Volume 2

19th Edition

ISBN:9781947172609

Author:OpenStax

Publisher:OpenStax

Chapter4: Job Order Costing

Section: Chapter Questions

Problem 2TP: If a job order cost system tracks the direct materials and direct labor, why doesn't It track the...

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