17) A hybrid costing system that uses job costing to assign direct materials costs, and process costing to assign conversion costs to products or services is: A) Process costing. B) Operation costing C) Actual costing D) Product costing E) Job costing 18) The journal entry required to record factory depreciation includes: A) A debit to the Cost of Goods Manufactured account B) A debit to the Factory Overhead account C) A debit to the Depreciation Expense account. D) A debit to the Accumulated Depreciation account. 19) Factory overhead can be over- or under-applied because: A) Some actual factory overhead cost varies from the expected. B) Some actual factory overhead costs are incurred unexpectedly. C) Production volume may vary from expected volume. D) All of these answer choices are correct. 16) The total cost of direct materials, direct labor, and factory overhead transferred from the Work-in-Process Inventory account to the Finished Goods Inventory account during an accounting period is: A) Normal cost of goods sold. B) Adjusted cost of goods sold. C) Total manufacturing cost. D) Cost of goods manufactured. E) Actual cost of goods sold. 14) Which one of the following is the amount of factory overhead applied that exceeds the actual factory overhead cost? A) Factory overhead applied. B) Actual factory overhead. C) Overapplied overhead. D) Allocated factory overhead. E) Underapplied overhead. 12) Which one of the following documents records and summarizes the costs of direct materials, direct labor, and factory overhead for a particular job? A) Purchase order B) Material requisition form. C) Job product cost document. D) Bill of materials. E) Job cost sheet