Question 1 (8 points) Job # 15 was unfinished at the end of the accounting period. The total cost assigned to the job is $24,000 of which $6,000 is direct material. Factory overhead is allocated to goods in process at 1.2 times direct labor cost. What was the amount of direct labor charged to Job #15? 7200 2182 none of them O $8182 Question 2 (6 points) Overapplication allocation we can choose to apply to COGS, Finished goods, and WIP as long as, it is ... O allowed by the tax rules in the country O along with IFRS for our industry O cost beneficial O none of them The production costs to produce one unit of finished goods was $60. Direct materials were 1/4 of the total cost, and direct labor was 30% of the combined total of direct labour and direct materials. The cost for direct materials, direct labor, and factory overhead was ( ROUND THE NUMBERS): O , 39, 6, 15 06, 15, 39 O , 15, 6, 39 O none of them The predetermined overhead rate is $7.20 per direct labor hour. Job 2 required 220 direct labour hours of which 160 hours were incurred during the current accounting period. How much overhead should be applied to Job 2 during the current accounting period? 0 2736 01152 O 1584 O none of them The balances of the related accounts; WIP-80,000 Finished goods-120,000 COGS-240,000 You want to allocate the overapplication of 40,000 to above accounts. How much you will you change the Finished goods account? (round the numbers) O 11 3.6 22 O none of them Overapplication of overhead can be allocated to O finished goods O Work in process O COGS all of them The production costs to produce one unit of finished goods was $60. Direct materials were 1/4 of the total cost, and direct labor was 30% of the combined total of direct labour and direct materials. The cost for direct materials, direct labor, and factory overhead was ( ROUND THE NUMBERS): 39,6, 15 O 6, 15, 39 0 , 15, 6, 39 O none of them