Question 6 (2 points) What is unique about the flow of costs in a job order cost system? Each job is costed separately in a Work in Process subsidiary ledger. It involves accumulating material, labor, and manufacturing overhead costs as they are incurred in order to determine the job cost. Job costs cannot be measured until all overhead costs are determined. There are no costs remaining in Work in Process at year end. Question 7 (2 points) Which one of the following is the same amount as cost of goods manufactured on the cost of goods manufactured schedule? The amount transferred from Work in Process Inventory to Finished Goods during the period The total of direct material, direct labor, and manufacturing overhead which are added to Work in Process during the year The amount transferred out of Finished Goods Inventory during the year The total added to the Work in Process Inventory during the year Question 8 (2 points) For what purpose is a predetermined overhead rate used? To determine when the overhead cost is incurred To apply actual overhead costs to jobs when they are incurred To determine the actual cost of overhead for the period To apply manufacturing overhead to each job