-Transfer prices are ________.

A) revenues of the segment producing the transferred product

B) costs of the segment acquiring the transferred product

C) costs of the segment producing the transferred product

D) revenues of the segment producing the transferred product and costs of the segment acquiring the transferred product(correct)- found in horngren answers.

-In a process costing system, which of the following entries is prepared to transfer a finished food product from the cooking process to the packaging process?

A) Debit Work-In-Process InventoryCooking, Credit Work-In-Process InventoryPackaging

B) Debit Finished Goods InventoryCredit Work-In-Process InventoryPackaging

C) Debit Work-In-Process InventoryPackaging, Credit Work-In-Process InventoryCooking

D) Debit Work-In-Process InventoryPackaging, Credit Finished Goods Inventory

-In job-order costing, the journal entry to record the application of factory overhead costs to jobs includes a Debit to ________.

A) Factory Department Overhead Control

B) Factory Department Overhead Applied

C) Finished Goods Inventory

D) Work-In-Process Inventory