DIRECTIONS: Using Microsoft Word, respond to each question below in the boxes in complete sentence responses representative of a college student. Avoid one word or one sentence responses. Save responses and upload responses to Blackboard. Be sure to indicate name and date above. NOTE: If name and date are not indicated above, 10 points will be deducted. Why must a company estimate the amount of factory overhead assigned to individual jobs or job lots? The chapter used a percent of labor cost to assign factory overhead to jobs. Identify another factor (or base) a company might reasonably use to assign overhead costs. What information is recorded on a job cost sheet? How do management and employees use job cost sheets? In a job order costing system, what records serve as a subsidiary ledger for Work in Process Inventory? For Finished Goods Inventory? s. How does the materials requisition help safeguard a company's assets