Exam #2 Outline

Exam #2 Outline - #2 CCAM FallSemester2011 Chapter5 LO3...

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Review Outline for Exam#2 CCAM Fall Semester 2011 Chapter 5 LO3-- Recognize issues related to the allocation of manufacturing overhead cost to products-1 LO4-- Define a cost driver and demonstrate the use of cost drivers in calculating overhead rates in order to allocated overhead costs to products-1 LO6-- Explain the need for using predetermined overhead rates and demonstrate the use of predetermined overhead rates in product costing-2mc,1pb LO7-- Calculate the amount of applied overhead in a normal costing system-1pb LO8-- Determine whether overhead has been over- or underapplied and demonstrate the alternative treatments of the over- or underapplied amount-1mc,1pb LO9-- Describe basic process costing and the calculation of equivalent units of production.-1 Chapter 6:   LO1-- Recognize the need for activity-based costing (ABC) systems-1 LO2-- Classify overhead costs as unit, batch, product, or facility level-1 Chapter 7:  LO1-- Determine the format and use of the contribution margin income
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This note was uploaded on 12/14/2011 for the course ECON 10012 taught by Professor My during the Spring '11 term at Kent State.

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Exam #2 Outline - #2 CCAM FallSemester2011 Chapter5 LO3...

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