17. A company uses a volume of similar products. Production is continuous. cost system when it manufacture s a large a. activity-based b. job order c. process d. value-added e. none of the above Answer: 18. The accumulation of the costs of materials, labor, and manufacturing overhead is the same in a process cost system as in a job order cost system. That is, both systems follow these procedures: a. all raw materials acquired increase Raw Materials Inventory at the time of purchase b. ll factory labor increases Factory Labor as labor costs are incurred c. overhead costs increase Manufacturing Overhead as these costs are incurred d. all of the above e. A and B, only Answer: 19. The student population of East-Overshoe College consists of 1,000 full-time students and 600 part-time students. 40% of the classes of a full-time student during the year. The number of full-time equivalent students are Part-time students take a. 240 b. 1,000 c. 1,240 d. 1,600 e. none of the above Answer: 20. The number of full-time equivalent students at Western Snowshoe College are 1,500. cost of instruction per full-time equivalent student is The total cost of instruction is $6,000, 000. The a. $2,500 b. $4,000 c. $6,500 djistate. learn.minnstate.edu/d21/common/assets/pdfjs/1.0....ndered-pdf&fullscreen=d21-fileviewer-rendered-pdf-dialog&height-759# 0