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What kind of firm would use a job order cost system? Which account is used...

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Accounting

  1. What kind of firm would use a job order cost system?
  2. Which account is used in the job order cost system to accumulate direct materials, direct labor, and factory overhead applied to production costs for individual jobs?
  3. Discuss how the predetermined factory overhead rate can be used in job order cost accounting to assist management in pricing jobs.
  4. What is (1) overapplied factory overhead and (2) underapplied factory overhead?

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