Questions 4-8 through 4-10 from gatsbys a managerial accounting project

Assignment 4 Q-4-8. If the company switches to machine hours as a driver for applying manufacturing overhead for 2020, which of the following statements is true? 1. The jeans line will have more overhead applied to it than the child chair line. 2. The child chair line will have more overhead applied to it than the jeans line. 3. The amount of overhead applied to each product line depends upon production levels of each. 4. The amount of overhead applied to each product line depends on the actual amount of overhead incurred 5. None of the above statements is true. Q-4-9. Where will you find information about ending finished goods inventory at the be- ginning of 2019? (Check all that apply.) Job Cost Sheets from December 2018, if available. In the Additional Information-Designer Jean Line provided in Assignment 4. With a comparison of Sales Invoices for December 2018 and January 2019 with Job Cost Sheets for the same period, if available. In the General Journal for January 2019, if available. Q-4-10. Which of the following techniques will provide the best information about mixed costs for a production manager who is evaluating contribution margin of his or her bob product line? 1. Least squares regression. 2. High-low method. 3. Scattergraphs. 4. Excel. 5. None of the above