7 The sum of direct material, direct labor, and overhead cost is the Select one: a. Cost of unit ut of o b. Overhead cost question c. prime cost 0 d. Cost of production n 8 When the material are still waiting in the stock it will be under d Select one: out of a. Finished goods inventory b. Direct material inventory c. Merchandising inventory d. Work in Process inventory question 9 Happy Valley Land and Snow Company provides the following ABC costing information: d Activities out of Total Costs Labor hours $320,000 question Gas Activity-cost drivers 8,000 hours 6,000 gallons 2,500 invoices Invoices $36,000 $40,000 Total costs $396,000 The above activities used by their three departments are: Labor hours Lawn Department Bush Department Plowing Department 2,500 hours 1,200 hours 4,300 hours 1,500 gallons 800 gallons 3,700 gallons 1,600 invoices 400 invoices 500 invoices Gas Invoices How much of the labor cost will be assigned to the Lawn Department? Select one: Windo o a. $100,000 b. $40,000 O c. $25,600 TT