What is the job order costing, Accounting Basics

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What is the job order costing

Question 1: What is the job order costing?

Question 2: A is a form prepared for each separate job that records the materials, labour, and overhead costs charged to the job.

Question 3: What is POHR and how do we determine it?

Question 4: Job WR53 at NW Fab, Inc. required $400 of direct materials and 20 direct labour hours at $30 per hour. Estimated total overhead for the year was $790,000 and estimated direct labour hours were 50,000. What would be recorded as the cost of job WR53?

Question 5: Salaries expense incurred are $40000. Pass journal entry.

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