D Question 6 When recording factory labor costs, which account is debited? Payroll Liabilities O Factory Labor Salaries and Wages Expense Manufacturing Overhead 4 pts D Question 7 4 pts When a job is completed and all costs have been accumulated on a job cost sheet, the journal entry needed debits which account? Finished Goods Inventory Work in Process Inventory Manufacturing Overhead Cost of Goods Sold D Question 8 4 pts As of December 31, 2022, Darth Vaper had $4,000 of Raw Materials Inventory. At the beginning of 2022, there was $3,000 of materials on hand. During the year, the company purchased $364,000 of materials; however, it paid for only $254,000. How much inventory was requisitioned for use on jobs during 2022? $363,000 $365,000 $343,000 $345,000 D. Question 9 Management at Pho Sizzle provided the following information from its accounting records for 2022: Expected Production Actual Production Estimated Overhead. Actual Overhead 50,000 Labor Hours 76,000 Labor Hours $800,000 $960,000 4 pts What is the overhead application rate if Pho Sizzle bases the rate on direct labor hours (rounded to the nearest cent)? $12.63 Per Hour $19.20 Per Hour $16.00 Per Hour $10.53 Per Hour Question 10 4 pts At the beginning of the year, Sonic Bass estimates annual overhead costs to be $2,400,000 and that 500,000 machine hours will be operated. Machine hours is the overhead allocation base. What is the amount of overhead applied during the year if actual machine hours for the year was 355,000 hours? $2,400,000 $3,380,282 $1,680,000 $1,704,000 Question 11 4 pts A process with no Beginning Work in Process Inventory completed and transferred out 86,000 units during a period and had 53,000 units in the Ending Work in Process Inventory that were 40% complete. The equivalent units of production for the period were: 66,000 Equivalent Units 139,000 Equivalent Units 86,000 Equivalent Units 107,200 Equivalent Units D Question 12 4 pts One of Strickland Propane's activity cost pools is machine setups with estimated overhead of $100,000. Strickland produces sparklers (400 setups) and lighters (600 setups). How much of the machine setup cost pool should be assigned to sparklers? $50,000 $100,000 $40,000 $60,000