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1 points Save Answer QUESTION 6 In a job order cost system, the use of direct materials would be recorded as a debit to: Finished
1 points Save Answer QUESTION 6 In a job order cost system, the use of direct materials would be recorded as a debit to: Finished Goods inventory. Manulacturing Overhead Rew Materials inventory. Work in Process inventory. QUESTION 7 1 points Screen Waclawiak Company manufactures a specialty line of silk screened draperies. The company uses a job-order costing systern. During the month, the following costs were incurred un Juli A10. direct materials $54,800 and direct latar $19,200. In addition, selling and shipping costs of $28.000 were incurred on the job. Manulacturing owerhead was applied at the rate of $25 per machine-hour (MH) and Job A10 required 320 Hs. If Job A10 consisted of 5,000 shirts, the cost of goods sold per shirt was O $50.00 $22.00 $16.40 $14.80 QUESTION 8 1 points Save Answer Lily Company has the following estimated costs for next year: Direct materials $ 30,000 Direct labor 110.000 Indirect materials 10.000 Rent on factory equipment Salary of production supervisor 70,000 Advertising expense 22.000 Sales commissions 150,000 52.000 The company estimates that 10,000 direct latar and 16,000 machine hours will the worked during the year, I overhead is applied on the basis of machine hours, the predelermined werhead rale per hour will be: $7.00 0 $13.88 O $15.28. O $17.12
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