The Brookstone Company produces 9 volt batteries and AAA batteries. The Brookstone Company uses a plantwide rate
Question:
The Brookstone Company produces 9 volt batteries and AAA batteries. The Brookstone Company uses a plantwide rate to apply overhead based on direct labor hours. The following data is given:
| Actual Overhead | $325,000 |
| Estimated Overhead | $350,000 |
| Estimated Activity: | |
| 9 volt battery | 100,000 direct labor hours |
| AAA battery | 400,000 direct labor hours |
| Actual Activity: | |
| 9 volt battery | 125,000 direct labor hours |
| AAA battery | 400,000 direct labor hours |
| Units Produced: | |
| 9 volt battery | 500,000 |
| AAA battery | 250,000 |
How much was overhead over/underapplied?
a.$42,500
b.$25,000
c.$17,500
d. None of these choices are correct.
A computerized information system that strives to input data once and to make it available to people across the company for different purposes is called a:
a. internal accounting system
b. cost management information system
c. financial accounting information system
d. enterprise resource planning system
Which of the following is NOT provided by cost accountants?
a. cost information in accordance with GAAP
b. financial information for external users
c. cost information about products, customers, and services
d. cost information about processes and activities
Expert Answer:
