Question: 1. Assume Research In Motion will install and service a server to link all of a customer's employees' smartphones to a centralized company server, for an upfront flat price. How can RIM use a job order costing system?
2. A company's Factory Overhead T-account shows total debits of $325,000 and total credits of $331,000 at the end of a period. Prepare the journal entry to close the balance in the Factory Overhead account to Cost of Goods Sold.