Accounting Chapter 4

Which of the following is a disadvantage of the departmental overhead rate method?

Which of the following is a disadvantage of the departmental overhead rate method?

Which of the following statements is true of activity based costing

Which of the following are advantages of using the plant wide overhead rate method?

The cost object(s) of the activity-based costing method is(are):

Which of the following companies would be best served by a plant wide overhead rate?

Which of the following is true?

Over head costs:

__________is considered whole choosing a cost allocation base for activity costs in ABC costing.

Put the following ABC implementation steps in order_____. A use activity overhead rates to assign oh costs to cost objects B compute allocation rates C trace overhead costs to cost pools D identify activities and oh costs they cause

Which of the following would not be considered a product cost

What are the main advantages of volume based allocation methods compared to activity based costing

Which of the following casting systems is more accurate for overhead cost allocation and most likely to allow managers the ability to make better pricing decisions?

What are three advantages of activity based costing over traditional column based allocation methods

From an ABC perspective what causes costs to be incurred

A company estimates that overhead costs the next year will be $8,320,000 for labor and $155,500 for factory ulitiesThe company uses machine hours as its overhead allocation baseIf 400, 000 machine hours are planned for this year, what the company's plantwide overhead rate? Round your answer to two decimal places.) (8330000+155,500)/400000

Peterson Company estimates that overhead costs for the year will be $6,520,000 for Indirect labor and $550.000 for factory utilities. The company uses machine hours as its overhead allocation base. If 140, 00 machine hours are planned for this next year, what the company's plantwide overhead rate? (Round your answer to two decimal places.) (6520,000+550,000)/140,000

____costs support the company as a whole

Which of the following statements is true with regard to the departmental overhead rate method?

A method of assigning overhead costs to a product using a single overhead rate is:

West Company estimates that overhead costs for the next year will be $5,240,000 for Indirect labor and $550,000 for factory utilities. The company uses machine hours as its overhead allocation base, 150,000 machine hours are planned for this next year, what is the company's plantwide overhead rate?

ABC assumes all costs in a _____can be grouped together because they all impact the activity

Which of the following is a disadvantage of the departmental overhead rate method

ABC systems