chapter 2 multiple choices

n computing its predetermined overhead rate, Marple Company inadvertently left its indirect labor costs out of the computation. This oversight will cause:

Which of the following is the correct formula to compute the predetermined overhead rate?

Which of the following would probably be the least appropriate allocation base for allocating overhead in a highly automated manufacturer of specialty valves?

What document is used to determine the actual amount of direct labor to record on a job cost sheet?

In a job-order costing system, direct labor cost is ordinarily debited to:

In a job-order costing system, the use of direct materials that have been previously purchased is recorded as a debit to:

Which of the following accounts is debited when direct labor is recorded?

The balance in the Work in Process account equals:

In a job-order costing system, indirect materials that have been previously purchased and that are used in production are recorded as a debit to:

Martinez Aerospace Company uses a job-order costing system. The direct materials for Job #045391 were purchased in July and put into production in August. The job was not completed by the end of August. At the end of August, in what account would the direct material cost assigned to Job #045391 be located?

Which terms will make the following statement true? When manufacturing overhead is overapplied, the Manufacturing Overhead account has a __________ balance and applied manufacturing overhead is greater than __________ manufacturing overhead

Overapplied manufacturing overhead occurs when: