Question 1 (3 points) For process costing, the T account for WIP will include the cost of Beginning Work- in-Process Inventory plus the costs incurred during the current period on the debit side and 1) Costs transferred to the next department as the ending balance. 2) Costs transferred to the next department on the credit side. 3) Costs in Ending Work-in-Process Inventory in the department on the credit side 4) The over-applied overhead on the credit side. Question 2 (3 points) Muller Co. uses a weighted average process-costing system. Direct materials are added at two different points in the production of shirts, 40% is added when the units are 20% completed, and the remaining 60% of direct materials is added when the units are 80% completed. At the end of the quarter, there are 22.000 shirts in process, all of which are 50% completed. With respect to direct materials, the ending shirts in process represent how many equivalent units? a 1) 11,000 units. 2) 22.000 units. 3) 8.800 units. 4) 4,400 units. Question 3 (3 points) In order to analyze sales as a function of advertising costs, Rupper Company developed a simple regression model. The model was based on 60 monthly observations of sales and advertising and had a r squared of.90. The model was: Sales = 2.5 A + $10,000 where A is advertising cost If Rupper's advertising cost for next month is projected to be $5,000 they should expect sales to be closest to: 1) $10,000 2) $12,500 3) $30,000 4) $22.500