12) Jefferson, Inc. produces two different products (Product 5 and Product Z) using two different activities: Machining, which uses machine hours as an activity driver, and Inspection, which uses number of batches as an activity driver. The cost of Machining is 5500,000, while the cost of Inspection is $30,000. The activity drivers follows: are used as Product 5 | Product Total 6,000 80 Machine hours 1.200 4,800 Number of batches 60 20 What proportion of Machining activity is used by Product 57 A) 20% B) 75% C) 33% D) 67% 13) Which of the following accounts will be treated differently by a process costing system 13) as compared to a job order costing system? A) Work in Process Inventory C) Cost of Goods Sold B) Finished Goods Inventory D) Raw Materials Inventory 14) Which of the following is not a category used to reconcile the number of physical units 14)_ using the weighted average method of process costing A) Cost of goods sold C) Units started B) Ending units in inventory D) Units completed 15) 15) If materials being placed into production are not traced to a specific job, debit: B) Work in Process Inventory. D) Manufacturing Overhead A) Raw Materials Inventory C) Cost of Goods Sold. 16 16) The approach to cost management that calls for setting cost reduction goals across numerous stages such as product introduction, growth, maturity, and decline is: A) Life cycle cost management. C) Total quality management. B) Just-in-time inventory. D) Target costing. 7) Manufacturing overhead was estimated to be $400,000 for the year along with 20,000 direct labor hours. Actual manufacturing overhead was $415,000, actual labor hours were 21,000. The amount of manufacturing overhead applied to production would be: A) $400,000. B) $435,750. C) $420,000 D) $415,000