18. Which of the following is not included in conversion costs? a. Factory Overhead. b. Direct Labor. Direct Materials. Indirect Labor. 19. The two basic types of cost accounting systems are: job order and process cost systems. C. d. 20. Factory overhead applied is recorded with a: credit to Factory Overhead. debit to Factory Overhead. credit to Cost of Goods Sold. credit to Work in Process Inventory. a. b. process cost and batch systems. C. job order and batch systems. d. job order and job accumulation systems. a. b. C. d. 21. A materials requisition slip showed that direct materials requested were $20,000 and indirect materials requested were $4,000. The entry to record the transfer of materials from the storeroom into production is: a. b. Direct Materials Indirect Materials. C. Work in Process (WIP) Inventory Raw Materials Inventory C. d. Work in Process (WIP) Inventory Factory Overhead d. Work in Process (WIP) Inventory C. Factory Overhead d. Raw Materials Inventory Raw Materials Inventory a. b. prepaid. in error. overapplied. DR 20,000 20,000 4,000 24,000 5 20,000 CR 22. The cost of a manufactured product generally consists of which of the following costs? Direct materials cost and direct labor cost 4,000 a. b. Direct materials cost and factory overhead cost Direct labor cost and factory overhead cost Direct labor cost, direct materials cost, and factory overhead cost 20,000 24,000 24,000 24,000 23. If factory overhead costs applied to jobs worked on were greater than the actual factory overhead costs incurred during a period, overhead is said to be: underapplied. ID: B