1. A company is more likely to use a job order cost accounting system if: A. it manufactures large volumes of its products. B. its manufacturing process is heavily automated. C. it manufactures identical products. D. it manufactures products with unique characteristics. 2. The accounts used to accumulate manufacturing costs are: A. Raw Materials, Work in Process, and Finished Goods Inventory B. Raw Materials Inventory, Factory Labor, and Manufacturing Overhead C. Manufacturing Overhead, Work in Process Inventory, and Finished Goods Inventory D. Work in Process Inventory, Finished Goods Inventory, and Cost of Goods Sold 3. A source document for assigning costs in a job cost system would include: A. Job quotes provided to customer to estimate the total cost of their job B. Receipts for materials purchased C. Payroll check for laborers D. Material requisition slips 4. The journal entry to assign labor costs in a job cost system would include a: A. Debit to Factory Labor C. Debit to Work in Process Inventory B. Credit to Wages Payable D. Credit to Manufacturing Overhead 5. Kess Company manufactures plush animal toys. The company uses a job order cost accounting system and applies overhead costs to its work in process based on direct labor hours. Estimated annual overhead costs $1,600,000 Actual annual overhead costs $1,540,000 Estimated annual machine hours 200,000 Actual annual machine hours 175,000 Estimated annual direct labor hours 400,000 Actual annual direct labor hours 380,000 Compute the company's manufacturing overhead applied (or assigned to jobs) for the period and the under- or over-applied amount of overhead for the period. A. $1,540,000 applied and $60,000 over-applied B. $1,347,500 applied and $192,500 under-applied C. $1,400,000 applied and $100,000 over-applied D. $1,520,000 applied and $20,000 under-applied