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Question 1.1.(TCO 4) Which of the following companies would most likely use job costing?(Points : 4)Paper manufacturerPaint producerBreakfast cereal makerAdvertising agencyQuestion 2.2.(TCO 4) What are the transfers-out from the finished goods inventory called?(Points : 4)Cost of goods manufacturedCost of goods availableCost of goods completedCost of goods soldQuestion 3.3.(TCO 2) If a company multiples its predetermined overhead rate by the budgeted allocation base, it isusing(Points : 4)standard costing.normal costing.actual costing.ideal costing.Question 4.4.(TCO 2) Jasper Corporation applies overhead using a normal costing approach based upon machine-hours. Budgeted factory overhead was $266,400, and budgeted machine-hours were 18,500. Actualfactory overhead was $287,920, and actual machine-hours were 19,050. How much is the over- orunderapplied overhead?(Points : 4)$21,520 underapplied$13,600 underapplied$21,520 overapplied
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