QUESTION 6 10 points Save Answer In applying the high-low method, which months are relevant? Month Miles Total Cost January 80,000 $96,000 February 50,000 80,000 March 70,000 94,000 April 90,000 130,000 January and February January and April February and April d. February and March QUESTION 7 10 points Save Answer What journal entry should be made when a job is completed and all costs have been accumulated on a job cost sheet? a. A debit to Finished Goods Inventory, and a credit to Work in Process Inventory. A debit to Work in Process Inventory, and a credit to direct Materials, Direct Labor and Manufacturing overhead. A debit to Finished Goods Inventory and a credit to Direct Materials, Direct Labor and Manufacturing overhead. d. A debit to Cost of Goods Sold Inventory, and a credit to Work in Process Inventary, 10 points Save Answer QUESTION 8 One of Hatch Manufacturing activity cost pools is machine setups, with estimated overhead of $180,000. Hatch produces sparklers (400 setups and lighters (600 setups). How much of the machine setup cost pool should be assigned to sparklers? a $180,000 D.572,000 $90,000 d. 108,000