1.The job cost sheet is used to accumulate the three product costs: direct material, direct labor, and factory

overhead. Discuss the source documents for determining these amounts (i.e., where do we get these numbers, and how do we arrive at the overhead?). Why is overhead the most difficult to assign?

2.How does activity-based costing differ from the traditional costing approach? When would it give more accurate costs than traditional costing systems?

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