Question Details

Manufacturing overhead is applied to each job using which formula 



1. All the costs assigned to an individual job are summarized on a 
A. cost driver sheet.
B. job cost sheet.
C. materials requisition form.
D. labor time ticket.
2. A predetermined overhead rate is calculated using which formula? 
A. Actual manufacturing overhead cost/estimated units in the allocation base
B. Estimated units in the allocation base/estimated manufacturing overhead cost
C. Estimated manufacturing overhead cost/actual units in the allocation base
D. Estimated manufacturing overhead cost/estimated units in the allocation base
3. Manufacturing overhead is applied to each job using which formula ? 
A. Predetermined overhead rate ï‚´ actual value of the allocation base for the job
B. Predetermined overhead rate ï‚´ estimated value of the allocation base for the job
C. Actual overhead rate ï‚´ estimated value of the allocation base for the job
D. Predetermined overhead rate/actual value of the allocation base for the job
4. Manufacturing overhead was estimated to be $400,000 for the year along with 20,000 direct labor hours. Actual manufacturing overhead was $415,000, actual labor hours were 21,000. The predetermined manufacturing overhead rate would be 
A. $20.00
B. $0.05
C. $20.75
D. $19.05
5. Manufacturing overhead was estimated to be $400,000 for the year along with 20,000 direct labor hours. Actual manufacturing overhead was $415,000, actual labor hours were 21,000. The amount of manufacturing overhead applied to production would be 
A. $400,000
B. $415,000
C. $420,000
D. $435,750




Business Management Assignment Help, Business Management Homework help, Business Management Study Help, Business Management Course Help