חטeticUוyd-pוttioד DZJ,000.00 2 Indirect labor 64,720.00 3 Factory electricity 6,472.00 4 Indirect materials 25,020.00 5 Selling expenses 24,100.00 6 Administrative expenses 15,600.00 Total costs $161,800.00 tory overhead is allocated to the three products on the basis of processing hours. The Budgeted Volume (Cases) Processing Hours per Case Tortilla chips 4,000 0.15 Potato chips 4,700 0.12 Pretzels 2,400 0.44 Total 11,100

חטeticUוyd-pוttioד DZJ,000.00 2 Indirect labor 64,720.00 3 Factory electricity 6,472.00 4 Indirect materials 25,020.00 5 Selling expenses 24,100.00 6 Administrative expenses 15,600.00 Total costs $161,800.00 tory overhead is allocated to the three products on the basis of processing hours. The Budgeted Volume (Cases) Processing Hours per Case Tortilla chips 4,000 0.15 Potato chips 4,700 0.12 Pretzels 2,400 0.44 Total 11,100

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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29 Which of the following is not a factory overhead item? Group of answer choices Factory utilities Factory depreciation and supplies Production line labor Maintenance department of a factory
QUESTION 9 Using a plant-wide factory overhead rate distorts product costs when: A. products require different ratios of allocation-base usage in each production department B. significant differences exist in the factory overhead rates used across different production departments C. both A and B exist D. either A or B exist
why are departmental overhead rates more accurate for product costing than a plantwide overhead rate?
Asap Which of the following is not a factory overhead allocation method? a.activity-based costingb.factory costingc.single plantwide rated.multiple production department rates
I post agin this question ....
Why would a manufactury company with multiple production department still prefrer to use a single plantwide overhead rate
A major disadvantage of using a plantwide overhead rate is the extreme difficulty in gathering the needed information. True or False True False
Describe some costs and benefits of using multiple overhead rates instead of a plantwide overhead rate.
Which one of the following is not correct about job-order costing systems and process costing systems? O a Job order costing systems and process costing systems use similar manufacturing accounts. O b. None of the given answers Oc In process costing systems cost accumulation is done on a department basis. Od. Job order costing systems and process costing systems have different flow of costs through manufacturing accounts, O e. Job order costing systems normally used when there are varieties of products to produced. Which one of the following is not correct regarding the predetermined overhead rate? O a The predetermined overhead rate is normally calculated at the beginning of the period. Ob. The predetermined overhead rate is used to assign manufacturing overhead costs to cost objects such as products. OC None of the given answers. O d. The predetermined overhead rate uses actual figures for the manufacturing overhead cost but estimated figures for the cost allocation basis amount. O…
A plantwide factory overhead rate assumes that all overhead is directly related to one activity representing the entire plant. True False