QUESTION 23 Which of the following are period costs? A Direct labor costs OB. Raw materials C. Indirect materials D. Administrative costs QUESTION 24 The Manufacturing Overhead account shows debits of 540,000, 520,000, and 515,000 and one credit for $80,000. Based on this information, manufacturing overhead A has been underapplied by $5,000 B. has been overapplied by $5,000 Chas been underapplied by $20,000 D. has been overapplied by $20,000 QUESTION 25 Which of the following would appear as a debit when transferring the cost of completed jobs from the work in process account to the finished goods account? O A Cost of Goods Sold OB. Work in Process O Manufacturing Overhead D. Finished Goods QUESTION 26 A process cost accounting system is most appropriate when A the focus of attention is on a particular job or order 3. variety of different products are produced, each one requiring different types of material labor, and overhead Osimilar products are mass produced D. Individual products are custom made to the specification of customers