Chapter 7 Tutorial Questions

Chapter 7 Tutorial Questions - AFC2131 Tutorial Questions...

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1 AFC2131 Tutorial Questions Chapter 7 7.1 Explain the differences between manufacturing overhead, upstream and downstream costs, and the indirect costs of responsibility centres. 7.9 What is meant by the term cost driver ? What is a volume-based cost driver? What is a non-volume based cost driver? Give three examples of non- volume driven costs in a university and suggest a possible driver for each of those costs. 7.10 Refer to the ‘ Real life ’ on page 298 and evaluate the FFA's decision to allocate overhead costs to self-funded projects based on salary costs. P7.31 Plantwide and departmental overhead rates: manufacturer Harrisons Ltd produces two types of computer printers, a laser model and an inkjet model, which pass through two production departments, Fabrication and Assembly. The following data relate to the year just ended: Actual overhead costs for the year were $300 000. Required: 1 Calculate the predetermined plantwide overhead rate based on direct labour hours.
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