nct moterials No Yes Yes Direer mareriinls e No d. No remain the same within the relevant range none of the above der costing system is a. toy manufacturing b. candy e. crude oil refining d shipbuilding The balance in the Work in Process account equals the balance in the Finished Goods inventory account the balance in the Cost of Goods Sold account the balances on the job cost sheets of uncompleted jobs 10 a. b. c. d the balance in the Manufacturing Overhead account When manufacturing overhead has been underapplied the manufacturing ove erhead account will 11 have a a. debit balance b. credit balance c. zero balance d. answers a or b 12 The Smith Company used machine-hours as the only overhead cost-allocation base. The accounting records contain the following information Estimate Manufacturing overhead costs$102,000 20,000 $120,000 25,000 Machine-hours Using job costing, the 20x3 budgeted manufacturing overhead rate is a. $4.00 per machine hour b. $4.80 per machine hour c. $5.00 per machine hour d. none of the above Costs in a process costing system are accumulated by and costs in a job order systen 3 accumulated by a. department, job b. job, department . job, job d. none of the above