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Fundamental Accounting Principles 22th Edition by John Wild ,Ken Shaw,Barbara Chiappetta
Edition 22ISBN: 978-0077862275Fundamental Accounting Principles 22th Edition by John Wild ,Ken Shaw,Barbara Chiappetta
Edition 22ISBN: 978-0077862275 Exercise 34
Job order costing is frequently used by home builders.
Required
1. You (or your team) are to prepare a job cost sheet for a single-family home under construction. List four items of both direct materials and direct labor. Explain how you think overhead should be applied.
2. Contact a builder and compare your job cost sheet to this builder's job cost sheet. If possible, speak to that company's accountant. Write your findings in a short report.
Required
1. You (or your team) are to prepare a job cost sheet for a single-family home under construction. List four items of both direct materials and direct labor. Explain how you think overhead should be applied.
2. Contact a builder and compare your job cost sheet to this builder's job cost sheet. If possible, speak to that company's accountant. Write your findings in a short report.
Explanation
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(1)
In preparing the job cost sheet for...
Fundamental Accounting Principles 22th Edition by John Wild ,Ken Shaw,Barbara Chiappetta
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