Question 4 1 pts The predetermined factory overhead rate is calculated by dividing the estimated activity base by the estimate of factory overhead costs. is calculated by dividing an estimate of factory overhead costs by an estimate of activity base. is determined from time tickets furnished by manufacturing floor workers. is determined by dividing direct materials by direct labor. Question 5 1 pts The journal entry to record the movement of a completed product off the manufacturing floor to the Finished Goods inventory contains a credit to cost of goods sold. work in process. raw materials finished goods