Homework Answers
Budgeted indirect cost rate for each pool is computed as budgeted annual indirect costs divided by budgeted annual quantity of cost allocation base
Since it is a budgeted indirect cost rate actual figures is not used so third and fourth option are wrong
Since indirect cost rate is calculated indirect cost will be in numerator so second option is wrong.
So the correct answer is first option
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QUESTION 10 The budgeted indirect-cost rate for each cost pool is computed as budgeted annual indirect...
Moving to the next question prevents changes to this answer. Question 7 The budgeted indirect-cost rate...
Moving to the next question prevents changes to this answer. Question 7 The budgeted indirect-cost rate for each cost pool is computed as budgeted annual indirect costs divided by budgeted annual quantity of cost allocation base budgeted annual quantity of cost allocation base divided by budgeted annual indirect costs actual annual indirect costs divided by budgeted annual quantity of cost allocation base budgeted annual indirect costs divided by budgeted actual quantity of cost allocation base Moving to the next question...
5. The formula for the predetermined indirect cost rate is: A) Budgeted annual indirect costs divided...
5. The formula for the predetermined indirect cost rate is: A) Budgeted annual indirect costs divided by actual quantity of cost-allocation base B) Budgeted annual indirect costs divided by budgeted annual quantity of cost- allocation base C) Actual annual indirect costs divided by budgeted annual quantity of cost- allocation base D) Actual annual indirect costs divided by actual annual quantity of cost-allocation base
The dual-rate cost-allocation method classifies costs in each cost pool into a ________. A) budgeted-cost pool...
The dual-rate cost-allocation method classifies costs in each cost pool into a ________. A) budgeted-cost pool and an actual-cost pool B) variable-cost pool and a fixed-cost pool C) direct-cost pool and an indirect-cost pool D) direct-cost pool and a reciprocal-cost pool To guide cost allocation decisions, the ability to bear criterion ________. A) is the primary criterion used in activity-based costing B) allocates cost among the beneficiaries in proportion to the benefits each receives. C) results in subsidizing products that...
2. Job costing is A) used by businesses to price identical products B) used by businesses...
2. Job costing is A) used by businesses to price identical products B) used by businesses to price unique products for different jobs C) used to calculate equivalent units D) used to calculate the percentage of work completed 3. Which of the following companies will use a process costing system? A) an oil refining company B) a manufacturer of ships C) a custom kitchen cabinet company D) an advertising firm 4. Job-costing is likely to be used by A) oil...
Enter the formula, then enter the amounts to calculate the budgeted manufacturing overhead rate. Budgeted manufacturing...
Enter the formula, then enter the amounts to calculate the budgeted manufacturing overhead rate. Budgeted manufacturing overhead rate 23 4140000 Actual direct labor-hours Actual manufacturing overhead costs Actual quantity of cost-allocation base Budgeted manufacturing overhead costs Budgeted quantity of cost-allocation base
materials and direct labor) and one indirect-cost pool (assembly support). Direct labor-hours is the allocation base...
materials and direct labor) and one indirect-cost pool (assembly support). Direct labor-hours is the allocation base for assembly support costs. In December 2016, Anderson budgets 2017 assembly-support costs to be $8,300,000 and 2017 direct labor-hours to be 166.000. At the end of 2017, Anderson is comparing the costs of several jobs that were started and completed in 2017 (Click the icon to view the data) Read the requirements Requirement 1. Compute the (a) budgeted indirect.cost rate and (b) actual indirect.cost...
during an accounting period, indirect job costs are computed on an ongoing basis by the use...
during an accounting period, indirect job costs are computed
on an ongoing basis by the use of
pters 2 & 3 Saved During an accounting period, indirect job costs are computed on an ongoing basis by the use of Multiple Choice an actual allocation rate a predetermined overhead rate. o overallocated indirect cost rates underallocated indirect costat
8. If budgeted electriaty cost is $100,000, budgeted rent cost is $100,000, budgeted supervisor salary is...
8. If budgeted electriaty cost is $100,000, budgeted rent cost is $100,000, budgeted supervisor salary is $100,000, budgeted advertising cost is $200,000, budgeted depreciation cost is $150,000, and budgeted annual quantity of cost allocation base is 2,000 units, then budgeted overhead application rate would be 133 (6 Points) $225 per unit $325 per unit $175 per unit N none of above 9. Marginal Costing is concerned with: (4 Points) Fixed Costs Variable Costs Semi-fixed Costs None of the above three...
8. If budgeted electriaty cost is $100,000, budgeted rent cost is $100,000, budgeted supervisor salary is...
8. If budgeted electriaty cost is $100,000, budgeted rent cost is $100,000, budgeted supervisor salary is $100,000, budgeted advertising cost is $200,000, budgeted depreciation cost is $150,000, and budgeted annual quantity of cost allocation base is 2,000 units, then budgeted overhead application rate would be 133 (6 Points) $225 per unit $325 per unit $175 per unit N none of above 9. Marginal Costing is concerned with: (4 Points) Fixed Costs Variable Costs Semi-fixed Costs None of the above three...
Janes Corporation manufactures custom cabinets for kitchens. It uses a normal-costing system with two direct-cost categories...
Janes Corporation manufactures custom cabinets for kitchens. It uses a normal-costing system with two direct-cost categories direct materials and direct manufacturing labor-and one indirect-cost pool, manufacturing overhead costs. It provides the following information for 2020: (Click the icon to view the information for 2020.) Read the requirement Begin by calculating the budgeted indirect cost rate. Select the formula and then calculate the rate. (Assume the cost allocation base is direct labor hours.) Budgeted manufacturing overhead costs Budgeted labor hours Budgeted...
Moving to the next question prevents changes to this answer. Question 7 The budgeted indirect-cost rate for each cost pool is computed as budgeted annual indirect costs divided by budgeted annual quantity of cost allocation base budgeted annual quantity of cost allocation base divided by budgeted annual indirect costs actual annual indirect costs divided by budgeted annual quantity of cost allocation base budgeted annual indirect costs divided by budgeted actual quantity of cost allocation base Moving to the next question...
5. The formula for the predetermined indirect cost rate is: A) Budgeted annual indirect costs divided by actual quantity of cost-allocation base B) Budgeted annual indirect costs divided by budgeted annual quantity of cost- allocation base C) Actual annual indirect costs divided by budgeted annual quantity of cost- allocation base D) Actual annual indirect costs divided by actual annual quantity of cost-allocation base
2. Job costing is A) used by businesses to price identical products B) used by businesses to price unique products for different jobs C) used to calculate equivalent units D) used to calculate the percentage of work completed 3. Which of the following companies will use a process costing system? A) an oil refining company B) a manufacturer of ships C) a custom kitchen cabinet company D) an advertising firm 4. Job-costing is likely to be used by A) oil...
Enter the formula, then enter the amounts to calculate the budgeted manufacturing overhead rate. Budgeted manufacturing overhead rate 23 4140000 Actual direct labor-hours Actual manufacturing overhead costs Actual quantity of cost-allocation base Budgeted manufacturing overhead costs Budgeted quantity of cost-allocation base
materials and direct labor) and one indirect-cost pool (assembly support). Direct labor-hours is the allocation base for assembly support costs. In December 2016, Anderson budgets 2017 assembly-support costs to be $8,300,000 and 2017 direct labor-hours to be 166.000. At the end of 2017, Anderson is comparing the costs of several jobs that were started and completed in 2017 (Click the icon to view the data) Read the requirements Requirement 1. Compute the (a) budgeted indirect.cost rate and (b) actual indirect.cost...
during an accounting period, indirect job costs are computed
on an ongoing basis by the use of
pters 2 & 3 Saved During an accounting period, indirect job costs are computed on an ongoing basis by the use of Multiple Choice an actual allocation rate a predetermined overhead rate. o overallocated indirect cost rates underallocated indirect costat
8. If budgeted electriaty cost is $100,000, budgeted rent cost is $100,000, budgeted supervisor salary is $100,000, budgeted advertising cost is $200,000, budgeted depreciation cost is $150,000, and budgeted annual quantity of cost allocation base is 2,000 units, then budgeted overhead application rate would be 133 (6 Points) $225 per unit $325 per unit $175 per unit N none of above 9. Marginal Costing is concerned with: (4 Points) Fixed Costs Variable Costs Semi-fixed Costs None of the above three...
8. If budgeted electriaty cost is $100,000, budgeted rent cost is $100,000, budgeted supervisor salary is $100,000, budgeted advertising cost is $200,000, budgeted depreciation cost is $150,000, and budgeted annual quantity of cost allocation base is 2,000 units, then budgeted overhead application rate would be 133 (6 Points) $225 per unit $325 per unit $175 per unit N none of above 9. Marginal Costing is concerned with: (4 Points) Fixed Costs Variable Costs Semi-fixed Costs None of the above three...
Janes Corporation manufactures custom cabinets for kitchens. It uses a normal-costing system with two direct-cost categories direct materials and direct manufacturing labor-and one indirect-cost pool, manufacturing overhead costs. It provides the following information for 2020: (Click the icon to view the information for 2020.) Read the requirement Begin by calculating the budgeted indirect cost rate. Select the formula and then calculate the rate. (Assume the cost allocation base is direct labor hours.) Budgeted manufacturing overhead costs Budgeted labor hours Budgeted...
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