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TRUE OR FALSE:
1. Job order and normal costing can be used in the same costing system
2. The Job Cost sheet can be used in tracing hours dedicated by workers on each job and to track hours work for the day and attendance
3. A hybrid of process and job order costing is sometimes used by some companies
4. The Work in process inventory under job order costing will debit a transfer out amount towards finished goods.
5. In a job order costing system, the pooling of cost is on a per department or per process basis.
6. Under job order costing system, Raw materials inventory will only report direct materials and will not hold any indirect material amount
7. In a job order costing system, cost per unit computation is done by dividing the total cost of all completed units by the units sold.
8. Job order costing system is best applied for companies who manufacture Junk foods and other processed food sold tot masses
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