Question 15 4 pts Markley Manufacturing calculated its predetermined overhead rate to be 120% of direct labor cost. During June, the company incurred $90,000 of factory labor costs, of which $85,000 is direct labor and $5,000 is indirect labor. Actual overhead incurred was $84,000. How much will Markley debit to Work in Process Inventory in June? $102,000 $174,000 $108,000 $198,000 Madison Company completed 120,000 units at a cost of $360,000. They sold 15,000 units for $60,000 on account. Which of the following would be included in the journal entry to record the sale of the job? Debit Accounts Receivable for $60,000 Debit cash for $45,000 Debit cash for $360,000 Debit Accounts Receivable for $45,000 Question 17 4 pts Overhead is applied to each job using which formula? Actual overhead rate x estimated value of the allocation base for the job O Predetermined overhead rate x actual value of the allocation base for the job O Predetermined overhead rate x estimated value of the allocation base for the job O Predetermined overhead rate/actual value of the allocation base for the job Question 18 4 pts Which of the following represents the cost of jobs completed but not yet sold? Work in process inventory Cost of goods sold Raw materials inventory Finished goods inventory Question 19 4 pts Manufacturing Overhead costs have been over applied. This means that the Manufacturing Overhead account: O Has a credit balance Has a zero balance None of these Has a debit balance