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Answered: 20. An activity-based overhead rate is…

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Answered: 20. An activity-based overhead rate is…

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20. An activity-based overhead rate is computed as follows:
A) actual overhead divided by actual use of cost drivers
B) estimated overhead divided by estimated use of cost drivers.
C) estimated overhead divided by actual use of cost drivers.
D) actual overhead divided by estimated use of cost drivers.
woll
(A
(8
21. Companies that switch to Activity-Based Costing often find they have
A) been overpricing some products.
B) been sacrificing profitability by underpricing some products.
C) All of the these answers are correct.
D) possibly losing market share to competitors.
GO0.09 (
D) Sob
Testavl
22. Marathon Oil Company manufactures two products, Regular and Supreme. Marathon’s
overhead costs consist of machining,
,000,000; and assembling, 1,500,000.
Information on the two products is:
Regular
10,000
10,000
90,000
How much Overhead is applied to Regular using traditional costing based on direct
Supreme
15,000
30,000
160,000
Direct labor hours
(D
dan
Machine hours
Number of parts
labor hours?
A)
,210,000.
B) 1,290,000.
C)

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,700,000.
D) 1,800,000.
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23. Marathon Oil Company manufactures two products, Regular and Supreme. Marathon’s
overhead costs consist of machining,
,000,000; and assembling, 1,500,000
Information on the two products is:
(A
ton(T
oonib(0
Regular
10,000
10,000
90,000
Supreme
15,000
30,000
160,000
Direct labor hours
Machine hours
Number of parts
How much Overhead is applied to Regular using activity-based costing?
A) 1,800,000.
B) 1,290,000.
C)
,210,000.
D)

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source : {source_domain}

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{content}

,700,000.
A 91
(A
(O
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chap 17 acc 220 Flashcards | Quizlet

chap 17 acc 220 Flashcards | Quizlet – Machine hours An activity-based overhead rate is computed as follows: estimated overhead divided by actual use of cost drivers. estimated overhead divided by estimated use of cost drivers.An activity-based overhead rate is computed as follows estimated overhead divided by estimated cost drivers which would be an appropriate cost driver for the purchasing activity cost poolThe plantwide allocation used by Menzies and Associates is based on direct labor hours. The rate is calculated as follows: Estimated overhead cost Estimated activity in allocation base = $ 1, 000,000 4 0,000 hours = $25 per direct labor hour. Total product costs are as follows:

Accounting Quiz 2 Flashcards | Quizlet – b) Determine the activity rate (i.e. predetermined overhead rate) for each cost pool c) Compute the total amount of manufacturing overhead cost that would be applied to each product using the activity -based costing system. After thes e totals have been computed, determine the amount of manufacturing overhead cost per unit of each product.B) Activity rates in activity-based costing are computed by dividing costs from the first-stage allocations by the activity measure for each activity cost pool. Carothers Company uses activity-based costing to compute product costs for external reports.An activity-based overhead rate is computed as follows: Question 18 options: actual overhead divided by estimated use of cost drivers actual overhead divided by actual use of cost drivers estimated overhead divided by estimated use of cost drivers estimated overhead divided by actual use of cost drivers

Accounting Quiz 2 Flashcards | Quizlet

Using Activity-Based Costing (ABC) and Activity-Based – Calculate a predetermined overhead rate for each activity. This is done by dividing the estimated overhead costs (from step 2) by the estimated level of cost driver activity (from step 3).An overhead rate is a cost allocated to the production of a product or service. Overhead costs are expenses that are not directly tied to production such as the cost of the corporate office.When activity-based costing is used, the first-stage procedure involves identifying cost pools and calculating a pool rate for each cost pool. The pool rate is calculated as follows: Pool rate = _____ / _____ 7.

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