And double check for 12 o 14

QUESTION 12 Equivalent units of production is an engineering term used to describe the process by which one company attempts to manufacture units of a product that are equivalent to the product manufactured by a competitor. True False QUESTION 13 A company has an overhead application rate of 120% of direct labor costs. How much overhead would be allocated to a job if it required total labor costing $1 10,000? $22,000 $91,667 $132,000 $687,500 $1,320,000 QUESTION 14 Both financial and managerial accounting report monetary information; managerial accounting also reports considerable nonmonetary information. True Ease