1. In a process cost system, a. a Work in Process account is maintained for each process b. a Work in Process account is maintained for each product c. a materials requisition must identify the job on which the materials will be used. d. one Work in Process account is maintained for all the processes, similar to a job order cost system. 2. In a process cost system, unit costs are determined using a a. denominator of units produced during the period b. denominator of units produced for the day c. denominator of units produced for the job. d. numerator of costs of each job. 3. Price Company assigns overhead based on machine hours. The Miling Department logs 2400 machine hours and Cutting Department shows 4000 machine hours for the period. If the overhead rate is $5 per machine hour, the entry to assign overhead will show a a. credit to Manufacturing Overhead for $32000. b. debit to Manufacturing Overhead for $32000 c. credit to Work in Process-Cutting Department for $20000. d. debit to Work in Process for $20000