pense line if ne (false) Work in Process. 12) Entry (I) in the below T-account could represent overhead cost applied t Work In Process 30, 000 200. 000 90, 000 20, 000 13.) Entry (1) in the below T-account represents the purchase rather than use of raw materials Raw Materials 6o, 000 Bal 10,000 (2) Bal 20,000 equal the units 14.) The units in beginning work in process inventory plus the units started into production must transferred out of the department plus the units in ending work in process inventory. 15.) When computing the cost per equivalent unit, it is necessary to consider the percentage completion of the units in beginning inventory under the weighted-average method 16,) In a CVP graph, the anticipated profit or loss at any given level of sales is measured by the vertical distance between the total revenue line (sales) and the total fixed expense line. 17) Two companies with the same margin of safety in dollars will also have the same total contribution margin. 18.) Variable manufacturing overhead costs are treated as product costs under both absorption and variable costing 19.) Under variable costing, fixed manufacturing overhead is treated as a 20.) Under variable costing, an increase in fixed manufacturing overhead will affect the unit product cost. 21.) Wages paid to the factory warehouse supervisor are considered an example of: A) B) C) D) Direct Labor Yes Yes No No Period Cost Yes No Yes No