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In a job-cost system, each indirect-cost pool has its own account in the general ledger.

a-true
b-false

User Publysher
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Final answer:

The claim that each indirect-cost pool has its own account in the general ledger within a job-cost system is false. A job-costing system usually has a collective manufacturing overhead account that amasses indirect costs to allocate to jobs.

Step-by-step explanation:

The statement that in a job-cost system, each indirect-cost pool has its own account in the general ledger is false. Typically, in a job-costing system, indirect costs are accumulated in a single overhead cost pool and then allocated to individual jobs, rather than having individual accounts for each. The general ledger will often contain a single manufacturing overhead account, which collects all of the indirect costs. These costs are then allocated to jobs based on a pre-determined overhead rate.

User NathonJones
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