Question 22 (3 points) Listen The predetermined overhead rate is based on the relationship between 1) estimated annual costs and actual activity. 2) estimated annual costs and expected annual activity. O 3) actual monthly costs and actual annual activity. 4) estimated monthly costs and actual monthly activity. Question 23 (3 points) Listen In d job order cost system, a credit to Manufacturing Overhead will be accompanied by a debit to 1) Cost of Goods Manufactured. 2) Finished Goods Inventory. 3) Work in Process Inventory. O4) Raw Materials Inventory Question 24 (3 points) Listen Orythe cost of goods manufactured schedule, the cost of goods manufactured agrees with the 1) balance of Finished Goods Inventory at the end of the period. O2) total debits to Work in Process Inventory during the period. 3) amount transferred from Work in Process Inventory to Finished Goods during the period. 4) debits to Cost of Goods Sold during the period. Question 25 (3 points) Listen Companies that sell products whose prices are set by market forces are called O price setters. O price takers. O price leaders. price givers
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