6. Selected data for Young Company for 2009 is presented below: $30.000 21.000 Direct labor incurred Indirect labor incurred Factory depreciation Factory utilities Indirect materials used Direct materials used Property taxes on factory building Sales commissions 7,000 2.000 12.000 3,000 8.000 What is the manufacturing overhead incurred during 2009? a) $38,000 b) $47.000 c) 550,000 d) $46,000 7. Given the following information, determine the cost of goods manufactured and the cost of goods sold for 2009. Direct labor incurred Manufacturing overhead incurred Direct materials used 27 Finished goods inventory, 1/1/2009 Finished goods inventory, 12/31/2009 Work in process inventory, 1/1/2009 Work in process inventory, 12/31/2009 $126,000 359,000 1,000 395,000 442,000 193,000 218,000 a) $765,000 and $709,000 c) $731,000 and $684,000 b) $411,000 and $837,000 d) $781,000 and $837,000 8. Which of the following would probably be considered an indirect material instead of a direct material? a) glue b) steel c) fabric d) lumber 9. Rent expense incurred on a factory building would be treated as what type(s) of cost? a) indirect cost b) period cost c) product cost d) both A and C 3. 10. What are the two basic types of costing systems? a) job costing and process costing b) periodic costing and perpetual costing c) periodic costing and process costing d) product costing and materials inventory costing 11. Which of the following would be debited to assign the costs of indirect labor? a) wages payable b) manufacturing overhead c) finished goods inventory d) work in process inventory 12. Direct materials flow directly into what account? a) finished goods inventory c) cost of goods sold b) manufacturing overhead d) work in process inventory