5. Job #8 was recently completed. The following data have been recorded on its job cost sheet Direct materials Direct labor-hours. .. $3.405 Direct labor wage rate Machine-hours 54 labor-hours $13 per labor-hour 158 machine-hours The company applies manufacturing overhead on the basis of machine-hours. The predetermined overhead rate is $14 per machine-hour. The total cost that would be recorded on the job cost sheet for Job #8 would be: a. $4,107 b. $3,432 c. $6,319 d. $4,863 6. Which of the following is not true regarding a job-order cost system? a. If there is a debit balance in the Manufacturing Overhead account at the end of the period, overhead was overapplied. b. When goods are completed, a debit is made to Finished Goods Inventory and a credit is made to Work in Process Inventory c. Job-order cost sheet is the primary document for accumulating all costs related to a particular job. d. Actual costs for direct materials and direct labor, but applied costs for manufacturing overhead are debited to Work in Process Inventory account. 7. Process costing would be appropriate for each of the following except: a steel factory that processes iron ore into steel bars a factory that processes sugar and other ingredients into black licorice a computer company that makes computer memory chips a costume maker that makes specialty costumes for figure skaters a. b. c. d. 8. Maplewood Co. uses process costing to account for the production of canned energy drinks. Cost per equivalent unit has been calculated to be $3.5833 for materials and $4.40 for conversion costs. During the period 12,000 units were worked on. Ending inventory still in process was 4,000 units (100% complete for materials, 50% for conversion). The value of ending inventory using the weighted average method would be a. $15,966.60 b. $31,933.20 c. $23,133.20 d. $65,000.00