For which of the following businesses would the process cost system be most appropriate? a. building contractor b. cookie processor c. plumber d. textbook publisher The production department requests that materials be released from the storeroom to the factory based on which of the fallowing forms? a. receiving report b. purchase order c. purchase requisition d. materials requisition The amount of time spent by each employee on an individual job is recorded on a(n): a. clock card b. time ticket c. In-and-out card d. labor requisition For which of the fallowing businesses would the job order cost system be most appropriate? a. oil refinery b. meat processor c. hotel d. textbook publisher The subsidiary ledger that contains the individual accounts for each product produced is called the: a. work in process ledger b. finished goods ledger c. factory overhead ledger d. materials ledger 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 The amount at 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 Factory Overhead is applied to jobs in o job order cost system using: a predetermined factory overhead rate b. a direct labor wage rate c. material requisitions d. all of the above Total budgeted factory overhead is $360,000, while the budgeted direct labor hours are 15,000 hours. Job 115 took 18 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