Can you do #6?

Remaining Time: 1 hour, 14 minutes, 49 seconds. Question Completion Status: QUESTION 6 10 points Save Answer Penny Woodcrafting Corporation produces fine cabinets. The company uses a job-order costing system in which its predetermined overhead rate is based on capacity. The capacity of the factory is determined by the capacity of its constraint, which is an automated bandsaw. Additional information is provided below for the most recent month: Estimates at the beginning of the month: Estimated total fixed manufacturing overhead Capacity of the bandsaw $26,520 260 hours Actual results: Actual total fixed manufacturing overhead Actual hours of bandsaw use $24,960 240 hours The cost of unused capacity that would be reported as a period expense on the income statement prepared for internal management purposes would be closest to: O $2,040 O $2,210 $2,080 O $1.920 2 points Save Anwe! QUESTION 7 In a job order costing system, which of the following events would be initially be recorded directly to the work in process account? a. Neither of the above b. Purchase of raw materials O c. Payment of an insurance premium on the factory building SA Save and Submit