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Ch 19 LO 3 PDOHR

Authored by Dr. Paz

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Ch 19 LO 3 PDOHR
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9 questions

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1.

MULTIPLE CHOICE QUESTION

45 sec • 1 pt

Which of the following will be categorized as a manufacturing overhead cost?

administration charges of showroom
wages paid to assembly line workers
depreciation on factory plant and equipment
cost of direct materials used

2.

MULTIPLE CHOICE QUESTION

45 sec • 1 pt

Which of the following will be debited to the Manufacturing Overhead account of a watch manufacturer?

salaries paid to accountants
factory electricity costs
office telephone costs
cost of printing brochures

3.

MULTIPLE CHOICE QUESTION

45 sec • 1 pt

Which of the following correctly describes the term cost driver?

the inflation rate that causes costs to rise
the primary factor that causes a cost to be incurred
the average inventory costs incurred at any point of time
the total material, labor, and overhead costs of a completed job

4.

MULTIPLE CHOICE QUESTION

45 sec • 1 pt

The predetermined overhead allocation rate is the rate used to ________.

assign direct material costs to jobs
allocate estimated manufacturing overhead costs to jobs
trace manufacturing and non manufacturing costs to jobs
allocate actual manufacturing overhead costs incurred during a period

5.

MULTIPLE CHOICE QUESTION

45 sec • 1 pt

The predetermined overhead allocation rate is calculated by dividing ________.

the actual overhead costs by actual amount of the cost driver or allocation base
the estimated amount of cost driver by actual total overhead costs
the estimated overhead costs by total estimated quantity of the overhead allocation base
the total estimated overhead costs by total number of days in a year

6.

MULTIPLE CHOICE QUESTION

45 sec • 1 pt

The predetermined overhead allocation rate for a given production year is calculated ________.

at the end of the production year
after the preparation of financial statements for the year
after completion of each job
before the accounting period begins

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Aaron, Inc. estimates direct labor costs and manufacturing overhead costs for the coming year to be $750,000 and $530,000, respectively. Aaron allocates overhead costs based on machine hours. The estimated total labor hours and machine hours for the coming year are 18,000 hours and 8,000 hours, respectively. What is the predetermined overhead allocation rate? (Round your answer to the nearest cent.)

$66.25 per machine hour
$93.75 per machine hour
$29.44 per labor hour
$1.42 per labor hour

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