23) Job costing A) records the flow of costs for each product or service B) cannot be used by the service industry C) allocates an equal amount of cost to each wit made during a time period D) is used when each unit of output is identical Explanation: A) 24) Which of the following are reasons for t r ods such as a year, to calculate indirect cost rates? A) shorter the period, the greater is the influence of seasonal patterns on the amount of costs B) shorter the period, the smaller is the influence of seasonal patterns on the amount of opportunity costs C) longer the period, the greater is the influence of seasonal patterns on the amount of costs D) longer the period, the smaller is the influence of seasonal patterns on the amount of opportunity costs Explanation: A) 25) X-Industries manufactures 3-D printers. For each unit, $3,400 of direct material is used and there is $2,600 of direct manufacturing labor at $16 per hour. Manufacturing overhead is applied at $20 per direct manufacturing labor hour. Calculate the profit earned on 46 units if each unit sells for $9,500. A) $3,250 B) $11,500 C) $35,880 D) $65,320 Explanation: A) B) $3,400 + $2,600 + (($2,600 / $16) $20) - $9,250 Profit earned on 46 units = ($9,500 - 59,250) 46 units - $11,500 C) D ) manufacturing 26) When using a normal costing system, manufacturing overhead is allocated using the overhead rate and the quantity of the allocation base. A) budgeted; budgeted B) actual; budgeted C) actual; actual D) budgeted; actual Explanation: A)