Question 1 (5 points) Factory overhead includes O. a) factory rent and direct labor Ob) direct materials and direct labor O c) indirect materials and direct materials od) indirect labor and indirect materials Question 3 (5 points) An example of a period cost is O a) advertising expense b) indirect materials Oc) depreciation on factory equipment d) property taxes on plant facilities Question 6 (5 points) Materials purchased on account during the month amounted to $190,000. Materials requisitioned and placed in production totaled $156,000. The entry to record the transaction for materials requisitioned by the production department is a) Materials 156,000 Work in Process 156,000 Ob) Work in Process 190,000 Materials 190,000 Work in Process c) 156,000 Materials 156,000 Work in Process d) 156,000 Cash 156,000 Question 7 (5 points) 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 O a) Finished Goods 375,000 Work in Process 375,000 O) 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 Question 12 (5 points) Department had 4,000 units in Work in Process that were 40% completed at the beginning of the period at a cost of $12,500. 14,000 units of direct materials were added during the period at a cost of $28,700. 15,000 units were completed during the period, and 3,000 units were 75% completed at the end of the period. All materials are added at the beginning of the process. Direct labor was $32,450 and factory overhead was $18,710. The number of equivalent units of production for the period for conversion if the average cost method is used to cost inventories was O a) 15,650 Ob) 14,850 O c) 18,000 O d) 17.250