Just need answers to these questions. Thank you in advance!
11. The balance in the Work in Process Inventory at any point in time equals A. The costs for jobs finished during the period but not yet sold B. The manufacturing cost of jobs ordered but not yet started into production C. The sum of the manufacturing costs for all jobs in process but not yet completed D. The manufacturing costs of all jobs started during the period, completed or not E. The sum of the materials, labor and overhead costs paid during the period 12. An example of direct labor cost is: (one answer only) A. Supervisor salary B. Maintenance worker wages C. Janitor wages D. Product assembler wages E, Accountant salary 13. The overhead cost applied to a job during a period is recorded with a credit to factory overhead and a debit to: A. Jobs overhead expense B. Cost of goods sold C. Finished Goods inventory D. Indirect labor E. Work in process inventory 14. If one unit of Product Z2 used $2.50 of direct materials and $3.00 of direct labor, sold for $8.00, and was assigned overhead at the rate of 30% of direct labor costs, how much gross profit was realized from this sale? A. S 8,00 B. $5.50 C. $2.50 D. S1.60 E. S 0.90 15. Juarez Builders incurred $285,000 of labor costs for construction jobs completed during the month of August, of which S212,000 was direct and $73,000 was indirect supervisory costs. The correct journal entry to record the S73.000 indirect labor for the month is A. Debit Supervisor Wage Expense; credit Factory Wages Payable B. Debit Factory Overhead; credit Factory wages Payable C. Debit Supervisor Wage Expense; credit Factory overhead D. Debit Factory Wages Payable; credit Factory overhead E. Debit Factory Wage Expense; credit Cash 16. Managerial accounting provides financial and nonfinancial information to an organization's managers and other internal decision makers. True or Factory 17. The Work in Process Inventory account is found only in the ledgers of manufacturing companys True or Factory 18. Beginning finished goods inventory plus cost of goods manufactured minus ending finished goods inventory equals cost of goods sold. True or False