___________ When the market rate of interest on bonds is higher than the contract rate, the bonds will sell at: A discount. A premium. their face value. their maturity value. ______________ When the contract rate of interest on bonds is higher than the market rate, the bonds will sell at: A discount. A premium. their maturity value. ______________ The interest rate specified in the band indenture is called the Market rate Contract rate. Effective rate. ___________ The estimated worth in the future of an amount of cash on hand today invested at a fixed rate of interest is called the: Loan value. cash value. presented value. future value. ______________ The excess of the face amount of bonds over their issue price is called a: Premium. loan. discount. carrying amount _____________ The excess of the issue price of bonds over their face amount is called a: Premium. loan. discount. carrying amount _________ The subsidiary ledger that contains the individual accounts for each product produced is called the: work in process ledger finished goods ledger factory overhead ledger materials ledger __________ Which of the following would not be considered part of factory overhead costs? property taxes on factory building insurance on factory building sales salaries depreciation on factory plant and equipment ______________ The amount of actual factory overhead in excess of the factory overhead applied to production during a period is called: underapplied factory overhead excess factory overhead overapplied factory overhead excess capacity ___________ Factory Overhead us applied to jobs in a job order cost system using: a predetermined factory overhead rate a direct labor wage rate material requisitions all of the above ____________ Total budgeted factory overhead is $360,000, while the budgeted direct labor hours are 15, 000 hours. Job 115 took 16 direct labor hours at a direct labor rate of $12 per hour. What is the amount of factory overhead applied to this job? $24 $192 $384 $576