Please provide explanation to the correct answer.

Question #12

Selected accounts with some debits and credits omitted are presented as follows:

Work in Process
Oct. 1	Balance	20,000	Oct. 31	Goods finished	X
31	Direct materials	96,700
31	Direct labor	201,000
31	Factory overhead	X

Finished Goods
Oct. 1	Balance	52,000
31	Goods finished	360,000

If the balance of Work in Process at October 31 is $21,000, what was the amount of factory overhead applied in October?

$11,300

$42,300---Incorrect

$21,300

$63,300

Question #13

If the amount of actual factory overhead cost incurred exceeds the amount applied, the factory overhead is:

over-applied----Incorrect

max-applied

straight-line applied

under-applied

Question #15

The recording of the jobs shipped and customers billed would include a debit to:

Cash

Accounts Payable

Finished Goods---Incorrect

Cost of Goods Sold

Question # 24

In process costing, the allocation of current period cost to ending WIP will be based on

Started and Completed Units EUP

Ending WIP EUP

Finished Goods EUP

Beginning WIP EUP------Incorrect