31. (5 points) Job-order costing is used. Which of the following accounts is increased when direct labor costs are incurred? A) Work-In-Process Inventory B) Finished Goods Inventory C) Cost of Goods Sold D) Cash 32. (5 points) In job-order costing, the journal entry to record applied overhead costs would include an increase to Work-in-Process Inventory a. TRUE b. FALSE 33. (5 points) In job-order costing, the jourmal entry to record the completion of goods woald include an increase to Cost of Goods Sold a TRUE b. FALSE 34. (5 points) In a process costing system, which of the following entries is prepared to transfer direct materials from storage to the cooking process? A) Increase Direct Materials Inventory, Decrease Work-In-Process Invenfory-Cooking B) Decrease Direct Materials Inventory, Increase Accounts Payable C) Increase Work-In-Process Inventory-Cooking, Decrease Work-In-Process Inventory-Storage D) Increase Work-In-Process Inventory-Cooking, Decrease Direct Materials Inventory 35. (S points) is the system that applies costs to similar products that are mass produced in continuous fashion through a series of production processes A) Job-order costing B) JIT costing C) Activity-based costing D) Process costing 36. (5 points) Which of the following are benefits of investing in mutual funds? A) Diversification to reduce single stock risk B) Professional management C) Smaller initial investment D) All of the above 37. (5 points) Which type of mutual fund has the lowest front-end cost? A) No-load fund B) Zero coupon fund C) Back-end commission fund D) 403(b) fund 38. (5 points) A retirement plan sponsored by your employer that all lows you to have money deducted from your pay check and deposited into your account is called: A) 401(k) savings plan