Why should predetermined overhead rates be used?
Predetermined overhead rates should be used for three reasons: (1) to assign overhead to Work in Process during the production cycle instead of at the end of the period; (2) to compensate for fluctuations in actual overhead costs that have no bearing on activity levels; and (3) to overcome problems of fluctuations in activity levels that have no impact on actual fixed overhead costs.
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Miguez Corporation makes a product with the following standard costs: Standard Quantity or HoursStandard Price or RateStandard Cost Per UnitDirect materials 2.3liters$7.00per liter$16.10 Direct labor 0.7hours$22.00per hour$15.40 Variable overhead 0.7hours$2.00per hour$1.40 The company budgeted for production of 2,600 units in September, but actual production was 2,500 units. The company used 5,440 liters of direct material and 1,680 direct labor-hours to produce this output. The company purchased 5,800 liters of the direct material at $7.20 per liter. The actual direct labor rate was $24.10 per hour and the actual variable overhead rate was $1.90 per hour.The company applies variable overhead on the basis of direct labor-hours. The direct materials purchases variance is computed
when the materials are purchased.The variable overhead efficiency variance for September is: A. $140 U B. $140 F C. $133 U D. $133 F
Answer the following statements true (T) or false (F)
1. According to situational leadership, D3 subordinates may be highly skilled but also lack commitment. 2. D4 subordinates are not certain that they can do the job by themselves. 3. Situational leadership requires the clear recognition of subordinate needs. 4. The SLII model emphasizes flexibility in leadership style. 5. In SLII, Style 2 is low directive and low supportive.
Two respected techniques made popular by Six Sigma are
A) TQM and ROQ. B) TQM and kaizen. C) kaizen and benchmarking. D) benchmarking and process mapping.
Correlate the right of due process to the workplace.
What will be an ideal response?