content_id=_1417170_1&step=nu QUESTION 7 Friendly Company allocates overhead based on direct labor hours. It allocates overhead costs of $12,800 to two different jobs as follows: Job 1: (10 DL hours) = $6,400; Job 2: (10 DL hours) = $6,400 The production process for Job 2 was then automated. Now Job 2 requires only two hours of direct labor but four hours of mechanical processing. As a result, total overhead increases to $17,000. With the change in the production process for Job 2, the amount of overhead assigned to O Job 1 will increase each product will increase each product will decrease Job 1 will decrease QUESTION 8 Select the correct statement regarding activity-based costing (ABC). ABC uses a single activity center but multiple cost drivers ABC does not use cost drivers ABC uses multiple activity cost centers and multiple cost drivers ABC uses multiple activity cost centers but a single cost driver Click Save and Submit to save and submit. Click Save All Answers to save all answers, Save All Answers