devry acct344 week 3 and week 5 quiz1. Query
: (TCO eight) A predetermined
overhead price is calculated utilizing which method?
Precise annual overhead / budgeted annual
Budgeted annual overhead / budgeted annual
Budgeted annual overhead / precise annual
Precise annual overhead / precise annual driver
2. Query : (TCO eight) All the following are unit-based exercise
variety of setups.
variety of items.
direct labor hours.
three. Query : (TCO eight) A division that's capital intensive most definitely
would use a predetermined departmental overhead price primarily based on which exercise
Models of direct materials used
Direct labor hours
Direct labor price
four. Query : (TCO eight) Star Inc. makes use of a job-order costing system to
account for product prices.
The next data was supplied for the present 12 months.
Supplies positioned in manufacturing $160,000
Direct labor (10,000 hours) $180,000
Depreciation of manufacturing facility constructing $80,000
Different manufacturing facility overhead $130,000
Improve in work-in-process stock $45,000
Manufacturing facility overhead price per direct labor hour $25
Which is the quantity of under- or overapplied overhead for
5. Query : (TCO eight) Acme Firm manufactures two merchandise (anvils and
Overhead prices ($84,000) have been divided into three price
swimming pools, which use the next exercise drivers.
of Setups Machine Hours Packing Orders
Anvils 10 500 75
Barrels 10 2,000 175
Value per Pool
$10,000 $60,000 $18,750
What's the allocation price for barrels per machine hours
utilizing activity-based costing?
6. Query : (TCO eight) Which is NOT a limitation of a plantwide overhead
Product variety could eat overhead
actions beneath differing consumption ratios.
Overhead utilization just isn't strictly linked to the
items produced as a result of some merchandise are extra advanced and numerous than others.
Predetermined charges utilizing budgeted overhead
are often one of the best estimate of the quantity of overhead.
Overhead prices are usually underallocated to
extremely advanced merchandise.
7. Query : (TCO eight) The sources consumed by the exercise in
producing its output are known as
eight. Query : (TCO eight) Which is NOT a part of the fee dimension of the
activity-based administration mannequin?
9. Query : (TCO eight) Which is an instance of a non-value-added
All the above
10. Query : (TCO eight) The method that includes selecting amongst varied
units of actions which can be attributable to competing methods is named
exercise discount.week 51. Query
: (TCO 7) A standard price happens when just one services or products is
benefited. when completely different sources are used to provide
one output. when the identical useful resource is used within the output
of two or extra outputs. when a useful resource is utilized by two or extra
corporations. 2. Query : (TCO 7) Which might be probably the most acceptable base for
allocating the prices of the housekeeping division? Machine hours Direct labor hours Sq. ft Variety of workers three. Query : (TCO 7) The Ruling Firm assigns plant administration
prices to the manufacturing departments primarily based on thenumber of workers. Which might NOT be a very good mixture
of widespread prices with an exercise driver? Personnel division prices primarily based on variety of
workers Buying division prices primarily based on machine
hours Cafeteria prices primarily based on meals served Warehouse prices primarily based on the worth of
supplies saved four. Query : (TCO 7) Joint prices are allotted due to monetary reporting necessities. tax reporting necessities. IMA necessities. Each A and B 5. Query : (TCO 7) Which methodology allocates assist division prices? Direct allocation methodology Reciprocal allocation methodology Sequential allocation methodology All the above 6. Query : (TCO 7) Joint prices are separable. allotted on the premise of cause-and-effect
relationships. allotted arbitrarily. All the above 7. Query : (TCO 7) Which methodology allocates joint manufacturing prices
primarily based on the kilos of product produced? Gross sales-value-at-split-off methodology Bodily items methodology Fixed gross margin share methodology Alternative price methodology eight. Query : (TCO 7) DeeDee Company manufactures the next
merchandise in its manufacturing facility. $400,000 of prices had been incurred.Product Models
Produced Weight per Unit (lb) Promoting Value per UnitA 2,500 10 $6B 5,000 eight $12C 7,500 6 $12D 10,000 four $6How a lot joint price could be allotted to Product A primarily based on
the bodily items methodology? $40,000 $460,000 $66,667 $400,000 9. Query : (TCO 7) Sally Company manufactures 4 merchandise. The
following information had been supplied by the fee accountant for the present 12 months.Product Models
Produced Gross sales Worth at Cut up-OffJ 15,000 $10,000 Okay 9,000 $5,000 L 24,000 $6,000M 12,000 $9,000Complete Joint Processing Prices
$24,000 Which is the quantity of joint prices assigned to Product L
utilizing the sales-value-at-split-off methodology? $9,600 $24,000 $1,600 $four,800 10. Query : (TCO 7) Lamb Inc. processes wool into 4 grades of yarn
as follows.Product Yards
Produced Gross sales Worth at Cut up-OffMerino Wool 75,000 $56,250Wool Singles
200,000 $180,000Superwash Wool
100,000 $105,000Plied Wool
125,000 $127,500Complete Joint Processing Prices
$300,000Which is the quantity of joint prices assigned to Superwash
Wool utilizing the fixed gross margin share methodology? $300,000 $67,200 $37,800 $192,000