i need help with 8,12,14,15
Question 7 (2 points) ABC Company customizes T-shirts for college bookstores. When the company purchases ink for screen printing, which account changes? O Manufacturing Overhead Work in Process Inventory Cost of Goods Sold Raw Materials Inventory Question 12 (2 points) Verner Corporation has provided data concerning the company's Manufacturing Overhead account as of June 15. During June so far the Manufacturing Overhead account has been increased by $77,000 and decreased by $64,000. Which of the following statements is true? Actual manufacturing overhead incurred through June 15 is $64,000. There are errors in the account equaling $13,000. Manufacturing overhead applied to Work in Process through June 15 is $64,000. Manufacturing overhead transferred from Finished Goods to Cost of Goods Sold through June 15 was $77,000. Previous Page Next Page Page 2 of 9 Question 14 (2 points) Which of the following is true about the manufacturing overhead rate used in job costing? The manufacturing overhead rate is calculated at the end of the period when all of the overhead costs have been incurred. The manufacturing overhead rate is calculated at the beginning of the period based on estimates for the amount of manufacturing overhead and for the factor used to apply manufacturing overhead. The manufacturing overhead rate used is based on the previous year's overhead rate. The manufacturing overhead rate matches all of the manufacturing overhead to the job that benefits from the manufacturing overhead. Question 15 (2 points) When departments have different cost-drivers for their manufacturing overhead in different departments A company will use multiple departmental predetermined manufacturing overhead rates A company will use an average predetermined manufacturing overhead rate A company will use actual manufacturing overhead rather than applied manufacturing overhead. A company will select the cost driver for the largest department to allocate manufacturing overhead