FILL IN THE BLANK-PART A Instructions: Answer the following questions or complete the statements by writing the appropriate words or amounts in the answer blanks. - , and 1. Under a(n) system, costs are accumulated for each of the departments or processes within a factory. 2. In a job order cost system, perpetual inventory controlling accounts and subsidiary ledgers are maintained for inventories. 3. The three components of manufacturing cost are classified as costs. 4. If a technician is directly involved in converting materials into finished products, his or her salary should be classified as a(n). cost. 5. Shark Company owns dozens of machines used on its product assembly line. Depreciation expenses for these assets should be classified as costs. 6. A company uses an electric furnace to melt iron ore. Costs of running the furnace, a necessary step in converting iron ore into steel, are known as factory burden or __ costs. 7. Beta Company manufactures customized fiber optic systems for NASA's space missions. If separate records are kept for the cost of each individual product that the company produces, Beta's accountants are using a(n) cost system. 8. If 1,000 springs are moved out of the storeroom and into the assembly line, the company's accounting system will reflect this flow of materials by the materials account and _the work in process account. 9. With a job order cost system, factory workers record the hours they spend working on specific jobs using forms known as 10. Cost is the process of assigning factory overhead costs to a cost object, such as a job. 11. Amber Company estimates that its total factory overhead costs will amount to $75,600 this year. If the company expects to operate its only machine for 1,800 hours this year, the predetermined factory overhead rate per hour of