QUESTION 4 Which of the following journal entries would be used to record depreciation of plant equipment for a manufacturing firm: O a. Work in process inventory Depreciation expense O . Depreciation expense Accumulated depreciation O Depreciation expense Manufacturing overhead O d. Manufacturing overhead Accumulated depreciation QUESTION 5 When selecting a manufacturing overhead allocation base, managers should select the: O a. Same number used in prior years O b. Activity based products O Number of products produced Od. Cost driver of those manufacturing overhead costs QUESTION 6 Crestline, Inc. is a manufacturing firm that allocates overhead on the basis of direct labor hours (DLH) at a rate of $16 per DLH. The job cost record for Job 22 for 20 units shows the following: Direct Materials $200 Direct Labor 15 hours at S26 per hour The job has been finished but not sold. The completed job cost record would show the cost per unit of inventory of: O a $39.50 O b. $10.00 O $41.50 O d. $29.50 QUESTION 7 Tres Mariposas & Company uses a predetermined overhead rate based on direct labor hours to allocate MOH to jobs. At the beginning of the year, the company estimated MOH would be $200,000 and total DLH's would be 20,000. The actual amounts for the year were $215,000 for MOH and 21,000 DLH's. The cost records for the year will Show: O a. Over applied MOH of $10,000 O b. Underapplied MOH of $10,000 O cover applied MOH of $5,000 O d. Underapplied MOH of $5,000