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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