Question 28 3 pts Which of the following is FALSE about the job-order costing? O The job cost sheet is the key document for job-order costing and subsidiary to the Work-In-Process account. O When a job is completed, the total cost of the job is added to the Finished Goods account. Job-order costing is more applicable for firms that produce homogeneous products on a continuous basis. The cost of each job includes direct materials, direct labor, and applied overhead. Question 30 3 pts At the beginning of October, Horvath Company had 2 jobs in process, Job 101 & Job 102, with the following cost info: Job 101 Job 102 Direct materials ........... Direct labor........ Applied overhead .... Balance, October 1 ........ $ 1,200 $3,000 5,100 1,500 780 1,950 $7,080 $6,450 Overhead is applied on the basis of direct materials cost charged to each job. Which of the following is closest to the predetermined overhead rate used by Horvath Company? O $1.30 O $0.15 O $0.65 o $1.54