Ch 19 LO 3 PDOHR
3 years ago
vpaz01
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9 QuestionsShow answers
  • Question 1
    45 seconds
    Q. Which of the following will be categorized as a manufacturing overhead cost?
    answer choices
    administration charges of showroom
    wages paid to assembly line workers
    depreciation on factory plant and equipment
    cost of direct materials used
  • Question 2
    45 seconds
    Q. Which of the following will be debited to the Manufacturing Overhead account of a watch manufacturer?
    answer choices
    salaries paid to accountants
    factory electricity costs
    office telephone costs
    cost of printing brochures
  • Question 3
    45 seconds
    Q. Which of the following correctly describes the term cost driver?
    answer choices
    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
  • Question 4
    45 seconds
    Q. The predetermined overhead allocation rate is the rate used to ________.
    answer choices
    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
  • Question 5
    45 seconds
    Q. The predetermined overhead allocation rate is calculated by dividing ________.
    answer choices
    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
  • Question 6
    45 seconds
    Q. The predetermined overhead allocation rate for a given production year is calculated ________.
    answer choices
    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
  • Question 7
    30 seconds
    Q. 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.)
    answer choices
    $66.25 per machine hour
    $93.75 per machine hour
    $29.44 per labor hour
    $1.42 per labor hour
  • Question 8
    30 seconds
    Q. Zephyros Corporation had estimated manufacturing overhead costs for the coming year to be $318,000. The total estimated direct labor hours and machine hours for the coming year are 7,000 and 11,000, respectively. Manufacturing overhead costs are allocated based on direct labor hours. What is the predetermined overhead allocation rate? (Round your answer to the nearest cent.)
    answer choices
    $1.57 per machine hour
    $17.67 per direct labor hour
    $45.43 per direct labor hour
    $28.91 per machine hour
  • Question 9
    120 seconds
    Q.
    answer choices
    A. $34.87
    $1.88
    $32.69
    $61.67
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