A company that usesjob order costing reports the following information, Overhead is applied at the rate of 60% of direct materials, The company has no beginning Work in Process or Finished Goods inventories, 1O Joos1and 3 are riot nished by the end of March, and Job 1 is nished but not sold by the end of March, Job 1 Job 2 Job 3 Direct materials uEed $ 11,488 $ 15,488 $ 4,488 Direct labor used $ 19,488 $ 9,488 $ 7,488 Determine lhetotal dollar amount of Work in Process Inventory at the end of March. Multiple Choice 0 $33,200. $42,040 $52,030. $7,240. $85,230. 0000 11 Managerial accounting provides financial and nonnancial information to an organization's managers. True or False - 12 A product, process, department, or customer to which costs are assigned is a(n): Multiple Choice X 03:16:14 O Indirect cost. O Direct materials cost. O Cost object. O Direct cost. O Direct labor cost.\f6 A document that production managers use to request materials for production and shows thejob number, the types of materials, and the quantities needed is a: Multiple Choice 0 Receiving report. Production order. Mate rials purchase order. Mate rials requisition. Job cost sheet 0000 7 Managerial accounting provides information to internal users as they request it. This can be immediate and as frequent as demanded. True or False ' True ' ' False ' 8 When materials are received, employees count and inspect them and record the items' quantity and cost on a receiving reporL True or False ' True ' ' False l 9 Job order costing 1would be used for all of the following except Multiple Choice 0 Production of a Pixar movie. Production of standard running shoes. Conducting an audit Production of custom wedding invitations. O O O 0 Construction of a custom home. 1 Information about which of the following items is not covered on a job cost sheet? Multiple Choice 0 The direct labor costs assigned to thejoo The overhead costs assigned to Thejolo. The name of the customer. The direct materials costs assigned to the job. 0 O O 0 General and administrative expenses. 2 The total costs onjob cost sheets forjobs that are completed but not yet sold equals the balance in the Finished Goods Inventory account. True or False ' True ' ' False ' 3 There are two basic types of cost accounting systemsjob order costing and custom order costing- True or False \f1 Marketing managers can use managerial accounting information to decide whether to advertise on social media. True or False True False