Job cost subsystem for an entity (internal)
Internal 4 credits Internal control Overhead recovery Allocation base Job cost card GST invoice basisThe standard names four elements to select from: the internal control documents (materials requisition, time sheet, job cost card), selecting an allocation base for overhead, correctly allocating costs to jobs, and under/over-applied overhead. The entity is GST-registered on the invoice basis. Achieved applies these elements to maintain the entity's viability; Merit explains the application; Excellence justifies it — including justifying the cost of a specific job.
Practice
Recall it first, then use it — testing yourself builds the memory, where rereading the notes above only feels easier.
Recall and application shuffled together — you have to work out what each item wants before you can answer it, which is the part the exam actually tests. Both kinds feed the same spacing schedule, so anything you miss comes back sooner.
Say the answer out loud before flipping — that attempt is where the learning happens, even when you get it wrong.
Exam-style only. Instant feedback, shuffled each attempt, best score saved on this device.