
ACCT 3130 Chapter 8
Quiz
•
Business
•
KG
•
Practice Problem
•
Medium
J Nope
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36 questions
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1.
MULTIPLE CHOICE QUESTION
1 min • 5 pts
What is the first step of developing budgeted variable overhead cost rates?
Choose the period to be used for the budget
Select the cost-allocation bases to use in allocating VOH costs to output produced
Identify the VOH costs associated with each cost-allocation base
Compute the rate per unit of each cost-allocation based used to allocate VOH costs to output produced
2.
MULTIPLE CHOICE QUESTION
1 min • 5 pts
What is the second step of developing budgeted variable overhead cost rates?
Choose the period to be used for the budget
Select the cost-allocation bases to use in allocating VOH costs to output produced
Identify the VOH costs associated with each cost-allocation base
Compute the rate per unit of each cost-allocation based used to allocate VOH costs to output produced
3.
MULTIPLE CHOICE QUESTION
1 min • 5 pts
What is the third step of developing budgeted variable overhead cost rates?
Choose the period to be used for the budget
Select the cost-allocation bases to use in allocating VOH costs to output produced
Identify the VOH costs associated with each cost-allocation base
Compute the rate per unit of each cost-allocation based used to allocate VOH costs to output produced
4.
MULTIPLE CHOICE QUESTION
1 min • 5 pts
What is the fourth step of developing budgeted variable overhead cost rates?
Choose the period to be used for the budget
Select the cost-allocation bases to use in allocating VOH costs to output produced
Identify the VOH costs associated with each cost-allocation base
Compute the rate per unit of each cost-allocation based used to allocate VOH costs to output produced
5.
MULTIPLE CHOICE QUESTION
30 sec • 5 pts
X $ / DMH =
Budgeted VOH Rate
Actual VOH Rate
Budgeted VOH Cost/Unit output unit
Budgeted FOH Rate
Budgeted FOH Cost/Unit per output unit
6.
MULTIPLE CHOICE QUESTION
30 sec • 5 pts
(X $ / DMH) x (Y DMH/unit of production) =
Budgeted VOH Rate
Actual VOH Rate
Budgeted VOH Cost/Unit output unit
Budgeted FOH Rate
Budgeted FOH Cost/Unit per output unit
7.
MULTIPLE CHOICE QUESTION
30 sec • 5 pts
Production volume variance is difficult to interpret due to the nature of costs involved ad how they are budgeted.
True
False
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