answer both

11) Saturn Accounting Services expects its accountants to work a total of 30,000 direct labor hours per 11) year. The company's estimated total indirect costs are $150,000. The direct labor rate is $100 per hour. The company uses direct labor hours as the allocation base for indirect costs. If Saturr performs a job requiring 50 hours of direct labor and bills he client using a standard markup of 40%, calculate the amount of the client's bill. A) $7,350 B) $7,700 C) $7,000 D) $4,900 12) The journal entry to record allocation of manufacturing overhead to a particular job includes a 12) debit to the Work-in-Process Inventory account and credit to the Cash account A) B) debit to the Manufacturing Overhead account and credit to the Finished Goods Inventory ) debit to the Work-in-Process Inventory account and credit to the Manufacturing Overhead D) debit to the Finished account account Goods Inventory account and credit to the Manufacturing Overhead account