Question
D Question 3 Indicate whether the following statement is true or false. 1.5 pts When raw materials are added to a job, the cost
D Question 3 Indicate whether the following statement is true or false. 1.5 pts When raw materials are added to a job, the cost of the indirect materials is added to the Work in Process account and also entered on the respective job cost sheet(s). True O False D Question 4 1.5 pts Indicate whether the following statement is true or false. At any point in time, the total costs on job cost sheets for jobs in process should sum to the Work in Process general ledger account. D True O False Question 5 Indicate whether the following statement is true or false. 1.5 pts If manufacturing overhead applied is less than the actual manufacturing overhead for the year, then to adjust over/under applied overhead to Goods Sold a company would: increase the Applied side (right) of the Manufacturing Overhead account and increase the left (debit) side of the Cost of Goods Sold account. O True O False
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