Ch 5 - Online Quizzes (See related pages) 1 A company using...

Info iconThis preview shows pages 1–2. Sign up to view the full content.

View Full Document Right Arrow Icon

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full DocumentRight Arrow Icon
This is the end of the preview. Sign up to access the rest of the document.

Unformatted text preview: Online Quizzes (See related pages) 1 A company using the traditional volume-based overhead assignment (allocation) method will tend to: A) overstate the cost of low volume products. B) understate the cost of high volume products. C) understate the cost of low volume products. D) understate the cost of all products. E) Both a and b are correct. 2 Harry Company has established the following overhead cost pools and cost drivers for the month of July: Expected direct labor costs for July is 20,000 hours at $10 per hour. Product X100 consumed 800 kilowatt hours, 5 orders, 10 setups, 90 machine hours, and 1,800 direct labor hours. Additionally it required $25,000 of materials. What is the overhead rate assuming that the firm is using a volume-based procedure and that direct labor hours will be its cost driver? A) $4.50 per DLH B) $22.65 per DLH C) $18.30 per DLH D) $3.00 per DLH. 3 Harry Company has established the following overhead cost pools and cost drivers for the month of July: Expected direct labor costs for July is 20,000 hours at $10 per hour. Product X100 consumed 800 kilowatt hours, 5 orders, 10 setups, 90 machine hours, and 1,800 direct labor hours. Additionally it required $25,000 of materials. What is the overhead rate per purchase order using activity-based costing? A) $1,830 B) $1,500 C) $1,800 D) $4.50 E) $22.65 4 Harry Company has established the following overhead cost pools and cost drivers for the month of July: Expected direct labor costs for July is 20,000 hours at $10 per hour. Product X100 consumed 800Expected direct labor costs for July is 20,000 hours at $10 per hour....
View Full Document

Page1 / 4

Ch 5 - Online Quizzes (See related pages) 1 A company using...

This preview shows document pages 1 - 2. Sign up to view the full document.

View Full Document Right Arrow Icon
Ask a homework question - tutors are online