-Prorate the total cost overhead for Plates.

Q: In tabular form, provide 3 similarities between activity based costing method and traditional method…

A: Activity based costing and traditional costing are two important methods used to allocate the…

Q: Using ABC to allocate manufacturing overhead can helpmanagers to:a. Identify what activities drive…

A:

Q: Which of the following is the step in which materials, labor, and overhead are detailed?

A: Direct material is the cost of the raw materials or parts that go directly into the production of a…

Q: How is the predetermined overhead allocation rate determined?

A: Predetermined overhead allocation rate: Predetermined overhead refers to the allocation rate that is…

Q: T, F. Prime cost consists of Direct Materials and Factory Overhead.

A: Prime cost is a combination of direct attributes i.e primarily incurred for the product.

Q: What does the following statement mean? “Accounting for overhead involves an important costbenefit…

A: Overheads are typically accounted by accumulating costs and dividing the total costs by the total…

Q: Formula for FIxed Overhead How do you find fixed overhead?  What is the formula?

A: Overheads refers to the total cost of indirect materials, indirect labour and indirect expenses.…

Q: Explain the benefits of using a predetermined overhead rate instead of an actual overhead rate.

A:

Q: for lamp manufacturing company the cost lamp stack describe ? a)conversion cost b)manufacturing…

A: Product Cost  Product cost is a cost that is used to manufacture or produce a product. Product cost…

Q: What is the standard variable overhead rate and standard fixed overhead rate?

A: The overhead rate is calculated by dividing total indirect costs (also known as overhead) for a…

Q: Summary of material costs by key items (GFE etc; not just a $ ROM) for manufacturing electric b

A: Answer: Material costs are the cost that relates purely to the materials used in manufacturing any…

Q: What is this exactly (cost of goods manufactured)? Can you give me 3 examples of direct materials,…

A: Introduction:- Cost of goods manufactured is the combination of Direct material, Direct labor and…

Q: Explain the term overhead absorption rate and briefly explain how an entity may select a  suitable…

A: In accounting, the term "absorption rate" typically refers to the overhead absorption rate or…

Q: Which of the following are used for calculating the standard overhead absorption rate? a. Per center…

A: Overhead are the indirect costs that are incurred for the production or manufacturing of products.…

Q: Overheads applied are calculated by:

A: Applied overheads are an indirect cost that is directly related to the manufacturing of products but…

Q: Based on the diagram, which represents the EOQ model.Which line segment represents the length of…

A:

Q: How do you calculate the predetermined overhead rate do you have an example

A: An allocation rate used to estimate the manufacturing costs is termed as predetermined overhead…

Q: In terms of cost behaviour, telephone expense and direct materials are classified as: a. Variable…

A: In the context of the given question, we are required to find the correct option from the available…

Q: What are the two primary elements that influence the amount of overhead that is absorbed?

A: Whenever overheads are absorbed in a rate determined by objective data, the absorbed overhead should…

Q: What is FIFO ? Explain FIFO in Process Costing in details.

A: The FIFO approach of process costing transfers expenses to the next division and then to completed…

Q: Explain how overhead is assigned to production when a predetermined overhead rate is used?

A: Overhead is kind of cost or expenditure which is not directly related to manufacturing but somehow…

Q: ould the unit produ

A: RimsPostOverhead costActivity RateActivity LevelAllocated costActivity LevelAllocated costMachine…

Q: n fixed overhead applied to work in process 3600

A: Standard fixed overhead applied is the standard direct hours available into standard fixed overhead…

Q: Differences between fixed overhead and fixed cost. Like if im running a resturants, give me a…

A: Fixed Overhead  Fixed overhead refers to the indirect costs or expenses that remain relatively…

Q: what are the two main factors that give to over/under absorption of overhead ?

A: When overheads are absorbed in a rate depending on actual data, the absorbed overhead should be…

Q: the manufactured overhea

A: Overhead represents the indirect expenses involved in the production process of the company.

Q: Describe the types of manufacturing overhead.

A: Manufacturing Expenses or Overhead are the indirect type of costs that a business incurs for a…

Q: How do I calculate the overhead allocations?

A: Cost allocation: Cost allocation is a process of assigning or allocating indirect costs to each and…

Variance Analysis

In layman's terms, variance analysis is an analysis of a difference between planned and actual behavior. Variance analysis is mainly used by the companies to maintain a control over a business. After analyzing differences, companies find the reasons for the variance so that the necessary steps should be taken to correct that variance. 

Standard Costing

The standard cost system is the expected cost per unit product manufactured and it helps in estimating the deviations and controlling them as well as fixing the selling price of the product. For example, it helps to plan the cost for the coming year on the various expenses.