Answered: Which one of the following is not a…

Which one of the following is not a unit level driver? Select one: а. Direct labor hours b. Break-even point С. Units produced d. Machine hours

Principles of Accounting Volume 2

19th Edition

ISBN:9781947172609

Author:OpenStax

Publisher:OpenStax

Chapter6: Activity-based, Variable, And Absorption Costing

Section: Chapter Questions

Problem 4MC: Overhead costs are assigned to each product based on __________________. A. the proportion of that...

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Which of the following is a nonunit-level driver? a. Direct labor hours b. Machine hours c. Direct materials d. Setup hours e. Assembly hours
Which of the following measures is appropriate as cost driver for personnel administrationcosts?a. direct labor hoursb. machine hoursc. number of employeesd. square feet of area
Which of the following measures is appropriate as a cost driver for machine set up activity costs?a. number of setupsb. machine hoursc. number of workersd. number of units
Which of the following is the least used measure to allocate overhead? OA. physical units produced B. labor hours worked OC. sales units sold D. machine hours operated
All the following can be used as an allocation base, EXCEPT: a. direct labor cost b. direct machine hours Oc. units of output if the company has multiple products O d. direct labor hours O e. All of the given answers can be used.
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! Required information Gable Company uses three activity cost pools. Each pool has a cost driver. Information for Gable Company follows: Activity Cost Pools Machining Designing costs Setup costs Total Cost of Pool Number of machine hours Number of design hours. Number of batches. Cost Driver $416,700 Number of machine hours 93,100 Number of design hours 73,338 Number of batches Suppose that Gable Company manufactures three products, A, B, and C. Information about these products follows: Estimated Cost Driver 92,600 9,500 510 Product A Product B Product C 36,000 46,000 10,600 3,800 2,100 3,600 285 50 175
1. Overhead is most often applied to production on the basis ofa. direct labor hours.b. machine hours.c. raw material usage.d. number of units made.e. direct labor costs.
Common allocation bases are a. direct labor dollars, direct labor hours, and machine dollars b. direct labor dollars, direct labor hours, and machine hours c. machine dollars, direct labor dollars, and direct labor hours d. direct labor dollars, direct labor hours, and direct material dollars
Which of the following is the correct formula to compute the predetermined overhead rate? a. Estimated total manufacturing overhead costs divided by actual total units in the allocation base. b. Estimated total manufacturing overhead costs divided by estimated total units in the allocation base. C. Actual total manufacturing overhead costs divided by estimated total units in the allocation base. O d. Estimated total units in the allocation base divided by estimated total manufacturing overhead costs.
In the formula Y = a + bX, b represents the estimated Blank______. Multiple choice question. total fixed manufacturing overhead cost total manufacturing overhead cost total amount of the allocation base variable manufacturing overhead cost per unit
1.The overhead absorption rate used to allocate manufacturing overhead is calculated by: Select one: a.dividing the total estimated manufacturing overhead costs by the total estimated quantity of the allocation base b.dividing the total estimated manufacturing overhead by the total actual quantity of the cost driver c.dividing the total actual manufacturing overhead costs by the total estimated quantity of the cost driver d.dividing the total estimated quantity of the cost driver by the total estimated manufacturing overhead costs