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QUESTION 7 In a job-order costing system, the subsidiary ledger for Finished Goods Inventory is comprised of O a. job-order cost sheets for all ordered,

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QUESTION 7 In a job-order costing system, the subsidiary ledger for Finished Goods Inventory is comprised of O a. job-order cost sheets for all ordered, uncompleted, and completed jobs. job-order cost sheets for all completed jobs not yet sold. Oc all job-order cost sheets d.job-order cost sheets for all uncompleted jobs QUESTION 8 An activity-based costing system is developed in four steps A. Allocate indirect costs to the cost object B. Identify activities and estimate their total indirect costs C. Identify the allocation base for each activity D. Compute the predetermined overhead allocation rate for each activity and estimate the total quantity of each allocation base a A B. C.D b B. c. D A . .. .D d B A C. D

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