Moving to another question will save this response. on 1 hich of the following statements is true about overhead? a Overhead costs are not incurred uniformly throughout the year b Overhead costs have a definite, identifiable relationship with units pro o c. Low production in one month would give rise to low unit overhead co d All of these are correct. e None of these are correct. Moving to another question will save this response. tion 2 Using normal costing requires that a actual overhead costs are not assigned directly to jobs. o b predetermined rates are not used to assign overhead. c. applied overhead is not calculated on a job specific basis. o d Neither plantwide or departmental rates can be used to assign ov e. All of these are correct. A Moving to another question will save this response Question 3 The overhead variance is least likely to be a underapplied and material. b. underapplied. c. immaterial. d. zero (actual overhead equals applied overhead) e. overapplied. Moving to another question will save this response Question 4 Which of the following can serve as a subsidiary ledger for the finished goods inventory? o a job-order cost sheets for completed jobs ob job-order cost sheets for incomplete jobs c.work-in-process inventory O d raw material inventory e All of these are correct A Moving to another question will save this response. Question 5 The order that cost elements flow through accounts until they are recognized as an exp a. Work-in-Process, Cost of Goods Sold, Finished Goods b Finished Goods, Work-in-Process, Cost of Goods Sold c. Finished Goods, Cost of Goods Sold, Work-in-Process od Work-in-Process, Finished Goods, Cost of Goods Sold oving to another question will save this response n 6 hat type of event would cause two separate journal entries to be made a Transferring the goods from Raw Materials to Work-in-Process b Closing overapplied overhead to Cost of Goods Sold c. Applied overhead to production based on direct labor hours d Selling the good e. Transferring the good to Finished Goods