Podcast
Questions and Answers
What were the total direct costs incurred in the manufacture of the product?
What were the total direct costs incurred in the manufacture of the product?
- $18,600
- $84,000
- $29,400
- $27,000 (correct)
How many machine hours were worked during the period?
How many machine hours were worked during the period?
- 6,000 hours
- 1,000 hours (correct)
- 7,800 hours
- 500 hours
What was the total selling and admin overheads based on the given information?
What was the total selling and admin overheads based on the given information?
- $8,400
- $12,000
- $10,000
- $9,000 (correct)
How was the total overhead cost absorbed in this case?
How was the total overhead cost absorbed in this case?
What is a cost unit defined as?
What is a cost unit defined as?
What does a responsibility center primarily focus on?
What does a responsibility center primarily focus on?
What is the correct method to calculate predetermined overhead absorption rate?
What is the correct method to calculate predetermined overhead absorption rate?
In job costing, what is a characteristic of the approach?
In job costing, what is a characteristic of the approach?
What is the sharing of central costs to each cost center known as?
What is the sharing of central costs to each cost center known as?
Which factor is used to absorb the overheads in a manufacturing cost center in the given text?
Which factor is used to absorb the overheads in a manufacturing cost center in the given text?
What is the correct predetermined overhead absorption rate to two decimal places in the text example?
What is the correct predetermined overhead absorption rate to two decimal places in the text example?
What is the correct Return on Capital Employed (ROCE) for Department B?
What is the correct Return on Capital Employed (ROCE) for Department B?
What is the Labour Efficiency ratio if the Capacity Utilisation ratio is 120%?
What is the Labour Efficiency ratio if the Capacity Utilisation ratio is 120%?
If the predetermined overhead absorption rate is $8 per machine hour and actual machine hours worked are 1,200, what is the total overhead absorbed?
If the predetermined overhead absorption rate is $8 per machine hour and actual machine hours worked are 1,200, what is the total overhead absorbed?
In apportioning costs based on floor space, if Department A has 3,000 square feet and Department B has 2,000 square feet, what percentage of the total cost will Department A bear if the total cost is $60,000?
In apportioning costs based on floor space, if Department A has 3,000 square feet and Department B has 2,000 square feet, what percentage of the total cost will Department A bear if the total cost is $60,000?
What is the correct formula to calculate predetermined overhead absorption rate?
What is the correct formula to calculate predetermined overhead absorption rate?
If a company apportions central costs based on revenue, and Department A generates $500,000 while Department B generates $300,000 in revenue, what percentage of central costs will Department A bear if total central costs are $100,000?
If a company apportions central costs based on revenue, and Department A generates $500,000 while Department B generates $300,000 in revenue, what percentage of central costs will Department A bear if total central costs are $100,000?
