Question: 1. Please answer the following, based on the concepts that the class learned in the previous chapters. Unit review A. Which of the following is

1. Please answer the following, based on the concepts that the class learned in the previous chapters. Unit review

A. Which of the following is not a factory overhead allocation method?

a.single plantwide rate

b.factory costing

c.activity-based costing

d.multiple departmental rates

B. Common allocation bases are

a.direct labor dollars, direct labor hours, machine hours

b.direct labor dollars, direct labor hours, direct material dollars

c.machine dollars, direct labor dollars, direct labor hours

d.direct labor dollars, direct labor hours, machine dollars

C. Activity rates are determined by

-.dividing the actual cost for each activity pool by the estimated activity base for that pool.

-.dividing the actual cost for each activity pool by the actual activity base for that pool.

-.dividing the cost budgeted for each activity pool by the actual activity base in that pool.

-.dividing the cost budgeted for each activity pool by the estimated activity base for that pool

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!