Chapter 19 317 6. Which of the following would not be considered part of factory overhead costs? a. property taxes on factory building b. insurance on factory building c. sales salaries d. depreciation on factory plant and equipment 7. Factory overhead is applied to jobs in a job order cost system using: a. a predetermined factory overhead rate b. a direct labor wage rate c. material requisitions d. all of the above 8. The amount of actual factory overhead in excess of the factory overhead applied to production during a period is called: a. underapplied factory overhead b. excess factory overhead c. overapplied factory overhead d. excess capacity 9. A method of accumulating and allocating factory overhead costs to products using many overhead rates is: a. variable costing b. flexible costing c. activity-based costing d. service function allocation 10. Job order cost information can be used by management to: a. control costs b. establish product prices c. prepare financial statements d. all of the above 11. Total budgeted factory overhead is $360,000, while the budgeted direct labor hours are 15,000 hours. Job 115 took 16 direct labor hours at a direct labor rate of $12 per hour. What is the amount of factory overhead applied to this job? a. $24 b. $192 c. $384 d. $576