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Learnu.eebapps/assessment/rake/lunchp/coursement 155166167 Ne ne hour, 47 minutes, 45 seconds 2.057 polo Question completion Status QUESTION TO...
emaining Timer hour. 25 Question completion Status 2.857 points QUESTION 25 Direct laboris an appropriate allocation...
emaining Timer hour. 25 Question completion Status 2.857 points QUESTION 25 Direct laboris an appropriate allocation base for overhead when overhead costs and direct laborare chly correlated 2.857 points QUESTION 26 in activity based costing the activity rate for an activity cost pool is computed by dividing the total overhead cost in the activity cost pool by the direct labor-hours required by the product the machine hours required by the product. the total activity for the activity cost pool. the...
emaining Times thout 2.857 points Question Completion Status QUESTIONS Durin October Hybrid Corporation incurred $70,000 of...
emaining Times thout 2.857 points Question Completion Status QUESTIONS Durin October Hybrid Corporation incurred $70,000 of direct labor costs and $2.000 of indirect labor costs. The journal entry to record the accus of these wages would include a credit to Work in Process of $70.000 credit to Work in Process of 5 73.000 debit to Work in Process of $73,000 debit to Work in Process of $70,000 2.857 points QUESTION 9 Reynolds Corporation bases its predetermined overhead rate on the...
Question Completion Status: 9000 underapped 2.857 points QUESTION 7 Job 10233 was recently completed. The following...
Question Completion Status: 9000 underapped 2.857 points QUESTION 7 Job 10233 was recently completed. The following data have been recorded on its job cost sheet: 33.190 Durea materials 71 labor-hours Director hours $15 per labor-hour Direct labor wage rate Machine-hours 175Wachine-hours The Corporation applies manufacturing overhead on the basis of machine-hours. The predetermined overhead rate is 514 per machine-hour. The total cost that would be recorded on the job cost sheet for Job JQ233 would be: $6,705 $3,219 $5,249 $4,255...
Karvel Corporation uses a predetermined overhead rate based on machine-hours to apply manufacturing overhead to jobs....
Karvel Corporation uses a predetermined overhead rate based on machine-hours to apply manufacturing overhead to jobs. For the month of August, Karvel estimated total manufacturing overhead costs at £300,000 and total machine-hours at 75,000 hours. Actual results for the period were manufacturing overhead costs of £290,000 and 75,000 machine-hours. As a result, Karvel would have: 1. applied more overhead to Work in Process than the actual amount of overhead cost for the year. 2. applied an amount of overhead to...
v Question Completion Status: QUESTION 22 Overapplied overhead means that O the estimated overhead cost was...
v Question Completion Status: QUESTION 22 Overapplied overhead means that O the estimated overhead cost was less than the applied overhead cost O the applied overhead cost was greater than the actual overhead cost O the estimated overhead cost was less than the actual overhead cost. the applied overhead cost was less than the actual overhead cost. QUESTION 23 Jones Company had the following inventory balances for the month of Apri Raw Materials $15,000 $5,000 Work In Process $10,000 $11,000...
Remaining Time: 29 minutes, 52 seconds. Question Completion Status: QUESTION 1 Smith Phine, Inc. produces running...
Remaining Time: 29 minutes, 52 seconds. Question Completion Status: QUESTION 1 Smith Phine, Inc. produces running shoes, (1) Standard and (2)ultra During October, the companry experienced above normall production Specfically, 800 pairs of standard shoes were produced, and 200 pairs of ultra shoes were produced. The overhead cost is estimated to be $134,250 A breakdown of the overhead costs reveals the following activiies TOTAL COST 1. Materials handling 2 Equipment setup 3 Inspections Number of requisitions Number of setups Number...
ul Live Strea Inutes, 33 seconds Question Completion Status: QUESTION 1 The IMA's Statement of Ethical...
ul Live Strea Inutes, 33 seconds Question Completion Status: QUESTION 1 The IMA's Statement of Ethical Professional Practice includes all of the following standards except O Confidentiality O Integrity Independence Competence QUESTION 2 Overhead in more likely to be over-applied if (select one): e 1.Control over actual overhead costs is poor. O 2. The actual amount of the overhead allocation base (like labor hours) is more than estimated QUESTION 3 Select the appropriate classification of quality cost for each activity....
help The Watts Company uses predetermined overhead rates to y manufacturing overhead to jobs the predetermined...
help
The Watts Company uses predetermined overhead rates to y manufacturing overhead to jobs the predetermined overhead rate is based on labor cost in Dept A and on machine hours in Dept. 8. At the beginning of the year, the company made the following estimates: Dept. A Dept. B Direct Labor Cost $30,000 $40,000 Manufacturing Overhead 60.000 50,000 Direct Labor Hours 6,000 8.000 Machine Hours 10,000 2,000 What predetermined overhead rates would be used in Dept. A and Dept. 8....
Question 23 5 pts In job order costing, the predetermined overhead rate multiplied by a job's...
Question 23 5 pts In job order costing, the predetermined overhead rate multiplied by a job's actual usage of the allocation base equals: the total estimated overhead for the period the amount of manufacturing overhead applied to the job's cost the total cost of the job O actual manufacturing overhead Question 24 5 pts Which of the following is(are) typical cost drivers that would be used as an allocation base? Choose the best answer sales persons commissions O machine hours...
QUESTION 32 The cost of a completed job in a job-order costing system typically consists of...
QUESTION 32 The cost of a completed job in a job-order costing system typically consists of the actual direct materials cost of the job, the actual direct labor cost of the job, and the manufacturing overhead cost applied to the job. True 2.157 points False QUESTION 33 An activity in activity-based costing is an event that causes the consumption of overhead resources. True 2.857 False QUESTION 34 If a company has a great deal of product diversity, activity-based costing will...
emaining Timer hour. 25 Question completion Status 2.857 points QUESTION 25 Direct laboris an appropriate allocation base for overhead when overhead costs and direct laborare chly correlated 2.857 points QUESTION 26 in activity based costing the activity rate for an activity cost pool is computed by dividing the total overhead cost in the activity cost pool by the direct labor-hours required by the product the machine hours required by the product. the total activity for the activity cost pool. the...
emaining Times thout 2.857 points Question Completion Status QUESTIONS Durin October Hybrid Corporation incurred $70,000 of direct labor costs and $2.000 of indirect labor costs. The journal entry to record the accus of these wages would include a credit to Work in Process of $70.000 credit to Work in Process of 5 73.000 debit to Work in Process of $73,000 debit to Work in Process of $70,000 2.857 points QUESTION 9 Reynolds Corporation bases its predetermined overhead rate on the...
Question Completion Status: 9000 underapped 2.857 points QUESTION 7 Job 10233 was recently completed. The following data have been recorded on its job cost sheet: 33.190 Durea materials 71 labor-hours Director hours $15 per labor-hour Direct labor wage rate Machine-hours 175Wachine-hours The Corporation applies manufacturing overhead on the basis of machine-hours. The predetermined overhead rate is 514 per machine-hour. The total cost that would be recorded on the job cost sheet for Job JQ233 would be: $6,705 $3,219 $5,249 $4,255...
v Question Completion Status: QUESTION 22 Overapplied overhead means that O the estimated overhead cost was less than the applied overhead cost O the applied overhead cost was greater than the actual overhead cost O the estimated overhead cost was less than the actual overhead cost. the applied overhead cost was less than the actual overhead cost. QUESTION 23 Jones Company had the following inventory balances for the month of Apri Raw Materials $15,000 $5,000 Work In Process $10,000 $11,000...
Remaining Time: 29 minutes, 52 seconds. Question Completion Status: QUESTION 1 Smith Phine, Inc. produces running shoes, (1) Standard and (2)ultra During October, the companry experienced above normall production Specfically, 800 pairs of standard shoes were produced, and 200 pairs of ultra shoes were produced. The overhead cost is estimated to be $134,250 A breakdown of the overhead costs reveals the following activiies TOTAL COST 1. Materials handling 2 Equipment setup 3 Inspections Number of requisitions Number of setups Number...
ul Live Strea Inutes, 33 seconds Question Completion Status: QUESTION 1 The IMA's Statement of Ethical Professional Practice includes all of the following standards except O Confidentiality O Integrity Independence Competence QUESTION 2 Overhead in more likely to be over-applied if (select one): e 1.Control over actual overhead costs is poor. O 2. The actual amount of the overhead allocation base (like labor hours) is more than estimated QUESTION 3 Select the appropriate classification of quality cost for each activity....
help
The Watts Company uses predetermined overhead rates to y manufacturing overhead to jobs the predetermined overhead rate is based on labor cost in Dept A and on machine hours in Dept. 8. At the beginning of the year, the company made the following estimates: Dept. A Dept. B Direct Labor Cost $30,000 $40,000 Manufacturing Overhead 60.000 50,000 Direct Labor Hours 6,000 8.000 Machine Hours 10,000 2,000 What predetermined overhead rates would be used in Dept. A and Dept. 8....
Question 23 5 pts In job order costing, the predetermined overhead rate multiplied by a job's actual usage of the allocation base equals: the total estimated overhead for the period the amount of manufacturing overhead applied to the job's cost the total cost of the job O actual manufacturing overhead Question 24 5 pts Which of the following is(are) typical cost drivers that would be used as an allocation base? Choose the best answer sales persons commissions O machine hours...
QUESTION 32 The cost of a completed job in a job-order costing system typically consists of the actual direct materials cost of the job, the actual direct labor cost of the job, and the manufacturing overhead cost applied to the job. True 2.157 points False QUESTION 33 An activity in activity-based costing is an event that causes the consumption of overhead resources. True 2.857 False QUESTION 34 If a company has a great deal of product diversity, activity-based costing will...
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