In a job-order costing system that is based on machine-hours, which of the following formulas is correct?
A. Predetermined overhead rate = Actual manufacturing overhead ÷ Actual machine-hours
B. Predetermined overhead rate = Estimated manufacturing overhead ÷ Estimated machine-hours
C. Predetermined overhead rate = Actual manufacturing overhead ÷ Estimated machine-hours
D. Predetermined overhead rate = Estimated manufacturing overhead ÷ Actual machine-hours
Answer: B
You might also like to view...
________ is the process by which organizations adjust the supply of their services in an attempt to match demand
A) Disintermediation B) Capacity management C) Total quality management D) Just-in-time management E) Augmented service management
Directors may vote by proxy when they are not able to be present for a meeting
a. True b. False Indicate whether the statement is true or false
The balanced-scorecard can accommodate
A. neither short- or long-term performance metrics. B. both short- and long-term performance metrics. C. only long-term performance metrics. D. only short-term performance metrics.
Which of the following statements is false?
A. In process costing, the cost per unit in a department is found by spreading the period's manufacturing costs over the production activity. B. In process costing, costs are accumulated by department. C. In job-order costing, costs are accumulated by job order. D. In job-order costing, the unit cost is found by dividing the job's total cost by the job's total units. E. In process costing, the total cost of each unit is found by dividing the total factory costs by the number of units completed.