47) Which of the following costs would norbe considerod part of the manufacturing overhead of a funiture manufacturer? A) The cost of compliance with federal factory safety regulations B) The cost of grease used to lubricate factory equipment. C) The cost of wood used in furniture construction. D) Depreciation expense on factory equipment. 48) When products are completed: A) Finished Goods Inventory is credited. C) Work in Process Inventory is credited B) Work in Process Inventory is debited D) Cost of Goods Sold is debited. 49) Alton Company produces metal belts. During the current month, the company incurred the following product costs: Raw materials $100,000 Direct labor $75,000 Electricity used in the Factory $25,000 Factory foreperson salary $3,750 Maintenance of factory machinery $2,000 Alton Company's indirect product costs totaled: A) $28,750. B) $75,000. C) $30,750. D) $175,000. 50) Overbead costs are assigned to production using an overhead application rate, whereas no such "application rate" is used to assign the costs of direct materials and direct labor to production. The reason for this difference in procedures is that: A) The amounts of direct material and direct labor applicable to each unit of production cannot be determined as easily as the amount of overhead. B) Overhead is always equal to a constant percentage of direct labor costs. C) Overhead is an indirect cost which cannot be traced easily and directly to specific units of product D) Overhead is always larger in dollar amount than either direct materials or direct labor 51) Moran Company uses a job order cost system and has established a predetermined overbead application rate for the current year of 150% of direct labor cost, based on budgeted overhead of $900,000 and budgeted direct labor cost of $600,000. Job no. 1 was charged with direct materials of $36,000 and with overhead of $27,000. What is the total cost of job no. 1? A) S64,000 B) $91,000 C) $81,000. D) Cannot be determined without additional information