5) Cox Co. uses a job order cost system. The following journal entries were made to Cox's WIP Inventory account for the month ending January 31, 20X1 Date Description Amount 1 Balance 31 Direct materials 50,000 31 Direct labor 31 Factory overhead75,000 31 To finished goods (150,000) 5,000 100,000 Coco, used a predetermined overhead rate of 75% of the direct labor cost in order to apply overhead to production costs. Job No. 100 was the only job that was incomplete as of January 31, 20x1 and was charged with direct labor of $15,000. What was the amount of direct materials charged to Job No 100? A. 80,000 B. 53,750 C. 15,000 D. 11,250 6) Dante Inc. used the job order cost system and purchased lubricants on account for $100,000. The lubricants are to be used to grease the factory machinery. Accordingly, Dante made the following journal entry A. Lubricant Expense B.) C. D. 100,000 Supplies Accounts Factory Overhead Applied Factory Overhead Control Supples Accounts 10000 10,000 Accounts Payable Accounts Payable Accounts Payable 100,000 100,000 100,000 100,000 100,000 7) Eve, Corp. applied $75,000 of overhead to its production. The journal entry made is. A Factory Overhead Applied B. Factory Overhead Control C. WIP-Inventory D. WIP- Inventory WIP- Inventory WIP- Inventory Factory Overhead Applied Factory Overhead Control 75,000 75,000 75,000 75,000 75,000 75,000 75,000 75,000 8) The difference between traditional costing and activity-based costing (ABC) can be defined as.. A. Traditional costing is used for homogenous production and ABC is used for custom jobs. B. Traditional costing is used in automated processes and ABC is used in labor-intensive Traditional costing assigns overhead based on nonfinancial variables and ABC uses financial variables C. D. Traditional costing used one uniform cost driver and ABC assigns costs based on various activities involved