Explain why those answers are correct and explain why the other choices are incorrect

X D Microsoft Word-Optio Mcrosoft word . Optio x 31962819 1565596-dt-content-rid 9772199 2/course Microsot Word Optional Assignment 2 For each of the following multiple-choice questions, use your own words to explain why the given answer is the correct one, as well as why each of the other choices is incorrect (1) Which of the following items is debited to the Work-in-Process account? A. allocated manufacturing overhead B. completed goods transferred out of the plant C. accumulated depreciation on fixed assets D. actual manufacturing overhead The correct answer to (1) is A. . (2) Activity based costing system differs from traditional costing systems in the treatment of A. Direct labor costs B. Direct material costs C. Prime costs D. Indirect costs . The correct answer to (2) is D (3) Overallocated manufacturing overhead means that: A. the allocated manufacturing overhead cost was less than the actual manufacturing overhead cost. the allocated manufacturing overhead cost was greater than the actual manufacturing overhead cost. B. C. the budgeted manufacturing overhead cost was less than the actual manufacturing overhead D. the budgeted manufacturing overhead cost was less than the allocated manufacturing cost. overhead cost. . The correct answer to (3) is B (4) In a normal costing system, the Manufacturing Overhead Control account A. is increased by allocated manufacturing overhead B. is eredited with amounts transferred to Work-in-Process C. is decreased by allocated manufacturing overhead D. is debited with actual overhead costs The correct answer to (4) is D