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Which is the cr (1 Mark) Q10: The main advantage of using budgeted cost rates rather than actual cost rates is ( 1 Mark). a) budgeted costs allow managers to have cost information on a timely basis. b) budgeted costs may be subject to short-run fluctuations. c) budgeted indirect-cost rates are known prior to the inception of a new job. d) actual indirect-cost rates are affected by work done on other jobs. e) budgeted rates are just as accurate and require less effort. Which is the cr (1 Mark) Q8: What is the appropriate joumal entry if direct materials of $50,000 and indirect materials of $3,000 are sent to the manufacturing plant floor? (1 Mark) a) \begin{tabular}{|l|l|l|} \hline & DR & CR \\ \hline Work-in-Process Control & 50,000 & \\ \hline Manufacturing Overhead Allocated & 3,000 & \\ \hline Materials Control & & 53,000 \\ \hline \end{tabular} b) \begin{tabular}{|c|l|l|} \hline Work-in-Process Control & DR & CR \\ \hline Materials Control & 53,000 & \\ \hline \end{tabular} c) \begin{tabular}{|c|l|l|} \hline & DR & CR \\ \hline Work-in-Process Control & 50,000 & \\ \hline Materials Control & & 50,000 \\ \hline \end{tabular} d) \begin{tabular}{|l|l|l|} \hline & DR & CR \\ \hline Work-in-Process Control & 50,000 & \\ \hline Manufacturing Overhead Control & 3,000 & \\ \hline Materials Control & & 53,000 \\ \hline \end{tabular}

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