Predetermined Overhead Rates – LO 2-1
Managerial Accounting
Garrison, Noreen, and Brewer
17th Edition
Regarding the cost formula (Y = a + bX) used to estimate total manufacturing overhead cost, the letter “a” refers to
Regarding the cost formula (Y = a + bX) used to estimate total manufacturing overhead cost, the letter “a” refers to
Given the labor hours, machines hours, variable overhead costs, and fixed costs… calculate the predetermined overhead rate, the total overhead, the total cost, and lastly the unit production cost.
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Given a trial balance and list of transactions… record each, post each, calculate the balance of each account, and prepare a trial balance.
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Under the different approaches compute the plantwide predetermined overhead rate, total manufacturing cost, total manufacturing cost of Job 550, and selling price of a 200% markup percentage.
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Compute the predetermined overhead rate, total job cost, and amount charged if selling price has a markup percentage.
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Determine the total raw materials purchased during the month given the beginning and ending inventory balances, raw materials used in production, predetermined overhead rate, direct labor-hour rate, hours of direct labor time expended on jobs, direct materials cost in ending Work in Process inventory, actual manufacturing overhead cost incurred, and applied manufacturing overhead cost. Find the cost of raw materials purchased in May.
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Find the closest unit product cost for the job.
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Find the closest total manufacturing cost assigned to job.
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What is the total job cost?
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What is the unit product cost closest to?
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