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?
How many machine hours were worked during the period?
How many machine hours were worked during the period?
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?
How was the total overhead cost absorbed in this case?
How was the total overhead cost absorbed in this case?
Signup and view all the answers
What is a cost unit defined as?
What is a cost unit defined as?
Signup and view all the answers
What does a responsibility center primarily focus on?
What does a responsibility center primarily focus on?
Signup and view all the answers
What is the correct method to calculate predetermined overhead absorption rate?
What is the correct method to calculate predetermined overhead absorption rate?
Signup and view all the answers
In job costing, what is a characteristic of the approach?
In job costing, what is a characteristic of the approach?
Signup and view all the answers
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?
Signup and view all the answers
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?
Signup and view all the answers
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?
Signup and view all the answers
What is the correct Return on Capital Employed (ROCE) for Department B?
What is the correct Return on Capital Employed (ROCE) for Department B?
Signup and view all the answers
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%?
Signup and view all the answers
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?
Signup and view all the answers
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?
Signup and view all the answers
What is the correct formula to calculate predetermined overhead absorption rate?
What is the correct formula to calculate predetermined overhead absorption rate?
Signup and view all the answers
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?
Signup and view all the answers
