Question 9 4.5 pts The following information is available for completed Job No. 503: Direct materials, $260,000: direct labor, $560,000; manufacturing overhead applied, $280,000; units produced, 100,000 units; units sold, 80,000 units. The cost of the finished goods on hand from this job is O $220,000 O $1,100,000 O $840,000 O $880,000 Question 10 4.5 pts What is the formula for the predetermined overhead rate? estimated annual overhead costs divided by the actual operating activity O estimated annual overhead costs divided by an expected annual operating activity O estimated annual overhead costs divided by the actual annual overhead costs expected annual operating activity divided by estimated annual overhead costs Question 11 4.5 pts Which one of the following best describes a job cost sheet? It is a daily form that management uses for tracking worker productivity on which employee raises are based. O It is used by management to understand how direct costs affect profitability. It is a form used to record the costs chargeable to a specific job and to determine the total and unit costs of the completed job. It is used to track manufacturing overhead costs to specific jobs