Reference no: EM132624819

Problem 1: In a normal costing system, the manufacturing cost of a job includes:

A. Actual Direct materials, actual direct labour and actual overhead cost

B. Actual prime cost, actual overhead and actual administrative cost.

C. Actual prime cost and allocated overhead

D. Estimated direct materials, estimated direct labour and allocated overhead cost.

Problem 2: The predetermined overhead rate equals:

A. Actual overhead cost divided by actual activity level for a period.

B. Actual overhead cost divided by estimated activity level for a period.

C. Estimated overhead cost divided by actual activity level for a period.

D. Estimated overhead cost divided by estimated activity level for a period.