The journal entry to record under applied overheads involve O Credit to Cost of goods sold O Debit to Cost of goods sold O No journal entry required for same O Debit to Manufacturing Overheads 1. 2. The decision-making process requires O the use of large amounts of historical data O analysis of the most recent income statement of the business O a disregard of non-relevant costs O a disregard of forecasts 3. Sales pricing decisions do not usually consider O elasticity of demand for the product O prices of competitors products O costs of competitors products O total product absorption costs 4 While accepting an offer, when are the fixed costs considered in decision making? O When spare capacity exists O When spare capacity does not exist O In every scenario O Never considered