Overapplied overhead would result if a• The plant is operated at less than normal capacity. b• Overhead cost incurred were less than costs charged to production. c• Overhead costs incurred were reasonably small in relation to units

Q: How are the avoidable fixed MOH and the unavoidable fixed MOH calculated? I see that they equal the…

A: Fixed manufacturing overheads (MOH) is the amount of all indirect expenses or costs which are…

Q: 7-is the cost which used in product evaluation, decision making or performance evaluation to…

A: Costs are the expenses of the business which  the business will incur in course of business. Costs…

Q: Cost of abnormal wastage is. a. Charged the costing profit and loss account b. Charged partly to the…

A: Abnormal wastage is the loss or wastage that is over and above the normal loss. It is generally…

Q: Under traditional costing systems, which calculate a single predetermined overhead rate usi…

A: The traditional method allocated the overhead cost based on the rate of overhead that is determined…

Q: Overhead costs are underapplied if the amount applied to Work in Process is: O a. greater than…

A: Choice: cost of merchandise sold   Clarification:   At the point when overhead is under-applied and…

Q: Overhead costs are underapplied if the amount applied to Work in Process is: O a. less than actual…

A: Applied overhead costs are costs assigned to products or jobs on the basis of predetermined overhead…

Q: am. 122.

A: The question is asking about the potential disadvantages of using departmental and plantwide…

Q: Overapplied manufacturing overhead would result if: the plant was operated at less than normal…

A: Over(under)applied manufacturing overhead occurs due to the difference in the actual manufacturing…

Q: Question b Which of the following is a possible cause of an unfavourable materials quantity…

A: Use of inferior raw materials.Explanation:The materials quantity variance measures the difference…

Q: Traditionally indirect cost like overheads were distributed to end products on the assumption that…

A: Traditionally indirect cost like overheads were distributed to end products on the assumption that…

Q: I. When Indirect Materials are requisitioned, the work in process account is debited II. One reason…

A: Last option is correct that is both statements are true.

Q: Over-applied overhead happen when Select one: O a. Actual costs are more than the total amount of…

A: Over- applied Overhead is favourable Variance

Q: A plantwide overhead rate based on direct labor hours is O never O sometimes O always appropriate.

A: Answer:- Overhead meaning:- The term "overhead" describes continuing business costs that are not…

Q: An unfavorable factory overhead controllable variance may be due to which of the following factors?…

A: Unfavorable factory overhead controllable variance refers to the situation where actual factory…

Q: Depreciation of Machinery would not be an element of factory overhead? Select one: a. True b. False

A: Factory overheads include all the indirect expenses incurred in the production process.

Q: 5  Why may departmental overhead rates NOT correctly assign overhead costs?   Select one: a.…

A: c. Because of the over-reliance on volume as a basis for allocating overhead costs where products…

Q: Which would NOT be relevant in a make- or- buy decision? a) factory deprciation b) direct materials…

A: The cost can be classified into two categories i.e fixed cost and variable cost. The  FIxed cost…

Q: line i When the manufacturing overhead costs applied in a period exceeds the actual manufacturing…

A: Yes, that's correct. In accounting, manufacturing overhead refers to the indirect costs incurred…

Q: Overhead costs are underapplied if the amount applied to Work in Process is: a. greater than actual…

A: Overhead means the cost incurred indirectly for the production of goods.

Q: Overhead costs are underapplied if the amount applied to Work in Process is:

A: Overheads: Overheads refer to the business expenses incurred by the company which might be directly…

Q: Which of the following would explain an unfavorable variable overhead efficiency variance? (1)…

A: Unfavorable Variable overhead efficiency variance refers to a situation when Actual labor hour>…

Q: TRUE OR FALSE Production volume variance appears whenever actual production deviates from the…

A: Volume variance = ( actual production - budgeted production) x Standard fixed factory overhead rate…

Q: When the units produced is greater than the units sold, A. some variable manufacturing overhead…

A: Units produced means the number of units produced or made by the entity during a period and units…

Q: Overhead costs are overapplied if the amount applied to Work in Process is: a. less than actual…

A: The overhead costs refer to the costs that are incurred in the operating and manufacturing process,…

Q: Manufacturing Overhead costs have been over applied. This means that the Manufacturing Overhead…

A: Manufacturing overhead (otherwise called processing plant overhead, industrial facility trouble,…

Q: 19) Which of the following is false? Material on a job is classifies as__________. A) direct or…

A: Job costing refers to a costing method that is suitable for the ascertainment of cost of the…

Q: 9.Manufacturing costs that cannot be classified as direct materials or direct labore manufacturing…

A: Cost Accounting: It is the process of collecting, recording, analyzing the cost, summarizing cost,…

Q: When direct labor is a relatively small amount compared to material and overhead, it is often…

A: Overhead:- It refers to the ongoing expenses incurred in the production of goods indirectly. It…

Q: Overapplied overhead would result if: O a actual overhead costs incurred were less than overhead…

A: Applied Overhead is when a pre determined overhead rate is applied to the production . This pre…

Q: Overallocated manufacturing overhead results when   Question 37 options:   estimated overhead is…

A: The applied overhead is calculated on the basis of estimated overhead and estimated machine hours.…

Q: One of the disadvantages of the departmental and the plantwide overhead rate methods is that OA…

A: An overhead rate method is a cost accounting technique used by businesses to allocate and apply…

Q: Explain why the fixed manufacturing overhead cost per unit changes when there is a change in the…

A: Manufacturing overhead costs:  "The costs, which do not relate directly with the manufacturing of…

Q: Overhead costs are overapplied if the amount applied to Work in Process is: a. equal to actual…

A: The correct answer is  Option b. Less than actual overhead incurred.

Q: A production volume variance will exists when:         a. Production volume differs from the sales…

A: Production Variance is a static used by business measure the cost of production  of goods against…

Q: Identify the false statement from the following: a. All of these b. Overheads are assigned to…

A: Cost accounting can be defined as a managerial accounting that helps in recording and reporting…

Q: Overhead costs are overapplied if the amount applied to Work in Process is: O a. less than actual…

A: Manufacturing overhead costs can be defined as those costs which are incurred during the…

Q: If manufacturing overhead has been over applied, it means that O Actual overhead costs were too low…

A: Manufacturing overhead means the expense incurred in factory which is not directly linked with…

Q: 27. SM Company found that the difference in product costs resulting from the application of…

A: As per the Honor code of Bartleby we are bound to give the answer of first part only, please post…

Q: opportunity cost

A: Correct Answer :- A Zero.

Q: Which of the following statements is false? (You may select more than one answer.)a. In recent…

A: Manufacturing Overhead cost mean costs apart from direct costs i.e. those indirect costs which are…