(2, LO2) The balance in the Work In Process account equals: Select one: a. the balances on the job cost sheets of uncompleted jobs b. the balance in the Finished Goods Inventory account c. the balance in the Cost of Goods Sold account d. the balance in the Manufacturing Overhead account O e. none of these is correct Break-even exists when: Select one: a. Total sales are equal to total costs b. Contribution margin is equal to total fixed costs c. Net income is equal to zero d. all of these @ e, none of these (2, LO3) The predetermined overhead rate is used to: Select one: a. Compare actual overhead to estimated overhead applied b. Apply estimated overhead to jobs in progress c. Record actual overhead included in finished goods inventory (2, LO1) In a job-order costing system, which costs are accumulated in the v each job? Select one: a. Direct materials, direct labor, actual manufacturing overhead b. Direct labor, actual manufacturing overhead, indirect materials O c. Applied manufacturing overhead, direct labor, direct materials O d. Indirect materials, indirect labor, applied manufacturing overhead o e. none of these is correct. Cost of goods manufactured is calculated as follows: Select one: a. Beginning WIP + direct material used + direct labor + manufacturin b. Beginning WIP + total manufacturing costs - Ending WIP c. Direct materials used + direct labor + manufacturing overhead - Be d. Total manufacturing costs - Ending WIP - Beginning WIP e e. none of these