Which statement is true regarding the flow of job costs through a job order costing system?

QUESTION 3 6 points Save Answer Which statement is true regarding the flow of job costs through a job order costing system? Direct labor costs flow from Work-in-Process Inventory to cost of Goods Sold. Direct materials flow from Raw Materials Inventory to Finished Goods Inventory. Manufacturing overhead flows from the Work-in-Process Inventory to manufacturing overhead. Direct labor costs flow from Work-in-Process Inventory to Finished Goods Inventory. QUESTION 4 6 points Save Answer Summer 20 Co used the estimates below to calculate a predetermined overhead rate based on direct labor costs. What is their predetermined overhead rate? Estimates at the start of the period: Total manufacturing overhead costs $166,400 Total direct labor costs $320,000 Total direct labor hours 10,000 Actual totals by the end of the period: Manufacturing overhead costs Direct labor costs Direct labor hours 52% $164,000 $360,000 9,800 O 192% 17% 46% QUESTION 6 Which of the following statements is true of costing systems? A process costing system would be used by manufacturers of custom-made perfumes. O A job order costing system would be used by manufacturers of baking utensils. A construction company would likely use a process costing system. An accounting firm would likely use a job order costing system. QUESTION 7 Conversion costs include O prime costs and product costs. direct materials and manufacturing overhead costs. any cost associated with the production process. direct labor and manufacturing overhead costs QUESTION 14 Craig, an accountant for Summer 20 Corp has learned his company will have much earnings than the original estimates made public. Craig tells his friend. Craig has violated the standard of the IMA. confidentiality competence objectivity technicality QUESTION 15 Which of the following would be considered a period cost for a computer manufacturer? Insurance on the office building Depreciation on the office building Salary of the advertising manager. All of the above would be considered period costs. QUESTION 16 If 20,000 units in ending inventory are 75% complete with respect to direct materials and 60% complete as to conversion costs, then the equivalent units of production for direct materials are and for conversion costs are The weighted average method is used. 12,000 and 12,000 15,000 and 12,000 20,000 and 20,000 15,000 and 15,000