Are the following costs product or period costs and which financial statement account are they Initially booked to: For a predetermined overhead rate in a job-order costing system that Is based on labor-hours. which of the following would be used in the numerator and denominator? Actual labor-hours Actual manufacturing overhead Estimated Labor-hours Estimated manufacturing overhead Estimated manufacturing overhead Actual labor-hours Estimated manufacturing overhead Estimated labor-hours In a job-order costing system, the incurrence of indirect labor costs would be recorded as a debit to: Finished Goods Manufacturing Overhead Cost of Goods Sold Work in Process In a job-order costing system, applying manufactured overhead to an Inventory account on the balance sheet would be recorded as a debit & credit to: Debit = Finished Goods Inventory. Credit = Work in Process Inventory Debit = Work In Process Inventory, Credit = Manufacturing Overhead Debit = Raw Materials Inventory, Credit = Work in Process Inventory Debit = Cost of Goods Sold, Credit = Manufacturing Overhead