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Student Answer : Work-in-Process Inventory . Accrued Payroll . Factory Overhead . Materials Inventory . Finished Goods Inventory .

Question 12 . Question : Process cost systems are used in all of the following industries

except : Student Answer : Chemicals . Ship building . Oil refining . Textiles . Steel . UNIT 2 QUIZ

Question 13 . Question : ABC Company listed the following data for the current year :

Budgeted Factory Overhead = $ 1,044,000 Budgeted Direct labor Hours = 69,600

Student Answer : Work-in-Process Inventory . Accrued Payroll . Factory Overhead . Materials Inventory . Finished Goods Inventory .

Question 12 . Question : Process cost systems are used in all of the following industries

except : Student Answer : Chemicals . Ship building . Oil refining . Textiles . Steel . UNIT 2 QUIZ

Question 13 . Question : ABC Company listed the following data for the current year :

Budgeted Factory Overhead = $ 1,044,000 Budgeted Direct labor Hours = 69,600