pls do 21-24

20. Job order cost accounting systems can be used only for companies that manufacture a product. Multiple Choice Select the response that best answers the question worth 2 points a plece 21. The Thomlin Company forecasts that total overhead for the current year will be $15,500,000 with 250,000 total machine hours. Year to date, the actual overhead is $16,000,000 and the actual machine hours are 330,000 hours. The predetermined overhead rate based on machine hours is a $48 per machine hour b. $62 per machine hour c. $45 per machine hour d. $50 per machine hour 22. At the end of the fiscal year, the balance in Factory Overhead is a. transferred to Work in Process b. transferred to Cost of Goods Sold c. transferred to Finished Goods d. allocated between Work in Process and Finished Goods 23. The cost of production of completed and transferred goods during the period amounted to $540,000, and the finished products shipped to customers had total production costs of $375,000. The entry to record the transfer of costs from work in process to finished goods is a. Finished Goods 375,000 Work in Process 375,000 b. Finished Goods 540,000 Work in Process 540,000 C. Work in Process 540,000 Finished Goods 540,000 d. Work in Process 375,000 Finished Goods 375,000 24. Conversion Costs are a. direct materials and direct labor b. direct materials and factory overhead c. factory overhead and direct labor d. direct materials and indirect labor