When predetermined overhead rate is employed

Assignment Help Accounting Basics

Reference no: EM132703390

Problem 1: Overhead applied will always result when predetermined overhead rate is employed and

a. production is greater than defined capacity

b. actual overhead cost is less than expected

c. Defined capacity is less than normal capacity

d. Overhead incurred is less than overhead applied.

Problem 2: Factory overhead includes

a. all manufacturing costs

b. All manufacturing costs which maybe variable or fixed, except direct material and direct labor.

c. Indirect materials but not indirect labor

d. Indirect labor but not indirect materials.

Reference no: EM132703390

Questions Cloud

How knowledge or theories of the course have been applied : Provide a reflection of at least 500 words (or 2 pages double spaced) of how the knowledge, skills, or theories of this course have been applied.

Organizations and development of computer technology : Our society is very dynamic, even more with rapid advances in technology. Explain why the spread of formal organizations and development of computer technology

Which statements is true regarding fixed and variable costs : Which statements is true regarding fixed and variable costs? Variables costs are constant in total, and fixed costs are constant per unit.

Draw up a schedule for the purpose of examining : Draw up a schedule for the purpose of examining, testing, evaluating and refining your idea.

When predetermined overhead rate is employed : Overhead applied will always result when predetermined overhead rate is employed and? production is greater than defined capacity

Provide a narrative of the processes : Provide a narrative of the processes that will need to change to make sure this isn't repeated.

Discuss an organizations need for physical security : Discuss an organization's need for physical security. What methods, approaches, and models can be used by organizations when designing physical security needs?

How do prepare the pre-acquisition entries at june : On 1 July 2020, Hood Ltd acquired 100% of the issued shares of Robin Ltd on a cum div. Prepare the pre-acquisition entries at 30 June 2021

Description of vehicle seen in vicinity of burglary : The defendant's vehicle matched the description of a vehicle seen in the vicinity of a burglary before the burglary, during the burglary,

User Account

All Pages