Why might a company use a predetermined rate for applying overhead rather than just apply actual overhead?
What will be an ideal response?
Students may provide a number of reasons, including: 1) costs can be computed for a job immediately upon completion without waiting until the end of the month (or quarter or year) for actual overhead to be known, 2) anticipated irregularities may be considered when determining the predetermined rate, but not known due to timing using actual overhead, 3) seasonal swings in production will not cause jobs to cost differently at different times of the year using a predetermined rate.
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When comparing the direct write-off method and the allowance method of accounting for uncollectible receivables,a major difference is that the direct write-off method
a. uses a percentage of sales method to estimate uncollectible accounts b. is used primarily by large companies with many receivables c. is used primarily by small companies with few receivables d. uses an allowance account
An example of an intangible benefit is
a. expansion into other markets b. reduction in supplies and overhead c. more efficient operations d. reduced equipment maintenance
Which term below is described by directly and concretely showing the employee he or she is valued through financial rewards.
a. Intrinsic motivation b. Inherent rewards c. Extraneous motivation d. Extrinsic rewards
Cloyd's Supermarket, a popular retail store, sells a variety of products. In order to know if they should improve their services, they send out questionnaires to their frequent customers
The questionnaire requires the customers to explain what they like best about shopping at Cloyd's and what new products or services they expect from Cloyd's. These questions are an example of__________questions. Fill in the blanks with correct word.