When a job is completed and all Version accumulated on a job cost sheet, the costs have been 5. journal entry that should be made is A) Work In Process Inventory Direct Materials Direct Labor Manufacturing overhead B) Finished Goods Inventory Direct Materials Direct Labor Manufacturing Overhead C) Finished Goods Inventory Work In Process Inventory DO Raw Materials Inventory Inventory 6. A materials requisition slip showed that direct materials requested were $66,000 and indirect materials requested were $9,000. The entry to record the transfer of materials from the storeroom is A) Direct Materials 66,000 Indirect Materials 9,000 Work in Process Inventory 75,000 B) Work In Process Inventory 66,000 Manufacturing Overhead 9,000 Raw Materials Inventory 75,000 C) Manufacturing overhead 75,000 Raw Materials Inventory 75,000 D) Work In Process Inventory 66,000 66,000 Raw Materials Inventory 7. Barr Mfg. provided the following information from its accounting records for 2017: Expected production 60,000 labor hours Actual production 56,000 labor hours $900,000 Budgeted overhead $870,000 Actual overhead How much is the overhead application rate if Barr bases the rate on direct labor hours? A) $16.07 per hour B) $15.00 per hour D) $15.54 per hour