The printing industry has become highly automated. Job costing in the printing industry would likely have the following general framework. Job cost equals:

		direct materials cost, plus direct labor, plus outside purchase costs, plus applied overhead based on machine hours.
		direct materials cost, plus conversion costs applied on the basis of labor hours.
		direct materials cost, plus outside purchase costs, plus overhead cost applied on the basis of labor hours.
		materials purchases, labor incurred and applied overhead based on labor hours.
		None of these answer choices are correct.

The journal entry required to record factory depreciation includes:

		A debit to the Cost of Goods Manufactured account.
		A debit to the Factory Overhead account.
		A debit to the Depreciation Expense account.
		A debit to the Accumulated Depreciation account.

A normal costing system uses actual costs for direct materials and direct labor, and:

		Actual costs for factory overhead.
		Estimated factory overhead costs based on material cost.
		Estimated costs that the firm should attain.
		Estimated costs for factory overhead.
		Charges actual factory overhead as a lump sum.

A normal costing system uses actual costs for direct materials and direct labor, and:

		Actual costs for factory overhead.
		Estimated factory overhead costs based on material cost.
		Estimated costs that the firm should attain.
		Estimated costs for factory overhead.
		Charges actual factory overhead as a lump sum.