The formula to calculate the amount of manufacturing overhead to allocate to jobs is: A. predetermined overhead rate times the actual amount of the allocation base used by the specific job. B. predetermined overhead rate divided by the actual allocation base used by the specific job. ○ C. predetermined overhead rate times the estimated amount of the allocation base used by the specific job. ○ D. predetermined overhead rate times the actual manufacturing overhead used on the specific job.
The formula to calculate the amount of manufacturing overhead to allocate to jobs is: A. predetermined overhead rate times the actual amount of the allocation base used by the specific job. B. predetermined overhead rate divided by the actual allocation base used by the specific job. ○ C. predetermined overhead rate times the estimated amount of the allocation base used by the specific job. ○ D. predetermined overhead rate times the actual manufacturing overhead used on the specific job.
Chapter6: Activity-based, Variable, And Absorption Costing
Section: Chapter Questions
Problem 6MC: Which is the correct formula for computing the overhead rate? A. estimated use of the cost driver...
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The formula to calculate the amount of manufacturing overhead to allocate to jobs is:
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Part 1
predetermined overhead rate times the actual amount of the allocation base used by the specific job.
predetermined overhead rate divided by the actual allocation base used by the specific job.
predetermined overhead rate times the estimated amount of the allocation base used by the specific job.
predetermined overhead rate times the actual manufacturing overhead used on the specific job.
Transcribed Image Text:The formula to calculate the amount of manufacturing overhead to allocate to jobs is:
A. predetermined overhead rate times the actual amount of the allocation base used by the specific job.
B. predetermined overhead rate divided by the actual allocation base used by the specific job.
○ C. predetermined overhead rate times the estimated amount of the allocation base used by the specific job.
○ D. predetermined overhead rate times the actual manufacturing overhead used on the specific job.
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