Chapter 3 Quiz

1. Assigning a unique ID to each job will allow you to:
   keep your jobs separate
   attach a budget to a specific job
   attach expenses to a specific job
   all of the above

2. True or False: By default, cost codes don't differentiate between labor and materials.
   true
   false

3. When you import an estimate into your accounting software, it can be used as:
   bank reconciliation
   a budget
   general ledger
   a runcible spoon

4. When entering expenses into your accounting software, you'll need to:
   specify which job they are for
   specify which cost codes they apply to
   both A and B
   none of the above

5. Job costing software can:
   compare your budgeted costs to actual costs
   keep job data separate
   both A and B
   none of the Above

6. Comparing budgeted costs to actual costs helps a company:
   calculate profitability
   stay on budget
   find cost overruns
   all of the above

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