Which of the following is true? Select one: Job order costing is suitable for small businesses only Job order costing is suitable when different products are produced Job order costing is suitable for mass production of the same product Job order costing accumulates indirect costs for each job and applies overhead to each job using a pre-determined overhead rate Which of the following companies would be most likely to use a job-order costing system rather than a process costing system? Select one: Paint manufacturer x Milk producer Wedding planner Crude oil refining Doreen Inc's predetermined manufacturing overhead rate is $15 per machine hour. Job # 456 has accumulated $1,000 of direct materials, $500 of direct labor has used 100 machine hours. What is the entry to record the manufacturing overhead applied to Job # 456? Select one: Debit work in progress $1,500, credit manufacturing overhead $1,500 Credit work in progress $3,000, debit manufacturing overhead $3,000 Debit work in progress $3,000, credit manufacturing overhead $3,000 Credit work in progress $1,500, debit manufacturing overhead $1,500 What is the entry to record actual factory rent for the month of October 2020? Select one: Debit work in progress, credit manufacturing overhead Debit manufacturing overhead and credit accounts payable (or cash) Debit factory rent expense, credit accounts payable (or cash) x Debit work in progress and credit accounts payable (or cash) What is the entry to record factory supervisor's salary? Select one: Debit Salary expense, credit salaries payable (or cash) x Debit manufacturing overhead and credit salaries payable (or cash) Debit work in progress, credit manufacturing overhead Debit work in progress and credit salaries payable (or cash) What is the entry to record the issue of of raw materials ( all direct) to production? Select one: Debit work in progress, credit raw materials inventory Debit manufacturing overhead and credit accounts payable (or cash) x Debit work in progress and credit accounts payable (or cash) Debit direct materials expense, credit accounts payable (or cash) What is the entry to record the issue of raw materials (some are indirect and some are direct) to production? Select one: Debit manufacturing overhead and credit accounts payable (or cash) Debit work in progress, credit raw materials inventory, credit manufacturing overhead Debit work in progress and credit accounts payable (or cash) Debit direct materials expense, credit accounts payable (or cash)