to w 30) Payment of the factory rent would required A) Debit Manufacturing Overhead Control account Credit Cash 3) Debit Work-in-Process Control account Credit Cash C) Debit: Factory Depreciation account Credit Accumulated Depreciation Control D) Debit: Cost of Goods Sold account Credit: Prepaid Rent Explanation: A) 3) The ending balance in the Work-in-Pro Control account represents the cost of all jobs that A) have been completed and sold to customers 1) are reported on the income statement C) have been completed but not sold D) have not been completed Explanation: A) 32) The advantage of using normal costing instead of actual costing is A) indirect costs are assigned to a job on a timely basis B) indirect costs are assigned at the end of the year when they are known C) normal costing provides a higher gross profit margin D) the job cost is more accurate under normal costing Explanation: A) D) 33) Which of the following is true of the Work-in-Process Control account? A) It is an expense account. B) It tracks overhead costs in-process from beginning through completion C) Its balance is the sum of amounts from all in-process individual job-cost records D) It tracks all direct material purchases. Explanation: A) B) 34) Which of the following general ledger accounts will have a subsidiary ledger account? A) Cost of Goods Sold account B) Joe's Accounts Receivable subsidiary account C) Operating Expenses account D) Work-in-Process Control account Explanation: A)