In lda Company's process cost system, manufacturing overhead is applied to Product X at 75% of direct labor cost. In Department A, the applied overhead equals $21,000 for the 20,000 units of Product X in Department A that are 35% complete as to conversion. The unit cost of conversion in this department for these 7.000 equivalent units of Product X is: O $7.00 O $3.77 $1.05 O $5.25 Question 8 1 pts The essential difference between a process cost system and a job cost system is that: O a job cost system does not require the use of a predetermined overhead rate. O a process cost system will require more detailed classification of costs than a job cost system. All of the other answers are incorrect. O a process cost system accumulates costs by department or process while a job cost system accumulates costs by job