32) Beta Corporation uses a job cost system and has two production departments, A and B. Budgeted manufacturing costs for the year are:Department ADepartment BDirect materials$800,000$200,000Direct manufacturing labor$200,000$900,000Manufacturing overhead$500,000$450,000The actual material and labor costs charged to Job #432 were as follows:TotalDirect materials:$25,000Direct labor:Department A$10,000Department B$12,000$22,000Beta applies manufacturing overhead costs to jobs on the basis of direct manufacturing labor cost using departmental rates determined at the beginning of the year.Proportion of manufacturing overhead with respect to the total cost of the job is ________.
Diff: 3Objective: 6AACSB: Application of knowledge33) Work-in-Process Control will be decreased (credited) for the amount of direct-labor costs incurred.
Diff: 1Objective: 6AACSB: Analytical thinking34) The Cost of Goods Sold account tracks job costs from the time jobs are started until they are completed.
Diff: 2Objective: 6AACSB: Analytical thinking