Which of the following is not one of the defining elements of a normal costing

Which of the following is not one of the defining

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7.Which of the following is notone of the defining elements of a normal costing system? A.Contribution margin. B.Cost pools. C.Cost drivers. D.Predetermined overhead rate. E.All of the above are defining elements that are common to all cost allocations.
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ACC 312 Fundamentals of Managerial Accounting Midterm Exam II, Spring 2012, Wednesday April 11th2012 4 8.A chip manufacturer uses a simple job-order costing system and a predetermined overhead rate. The following information is available for the month of November: Incurred in November Job # Work-in-Process Balance @ Nov 1stDirect Materials Direct Labor 111 $15,432 $10,367 $15,044 222 $12,020 $13,009 $14,202 333 $18,903 $16,805 $17,807 While reconciling the reports from the cost accounting system, you determine that Job #222 was completed during November and transferred to finished goods where it remained at the end of November. Jobs #111 and 333 were completed and delivered to customers during the month. Manufacturing overhead is charged to jobs at 155% of direct labor dollars. Cost of goods sold for November was: 9.A product manager is calculating the customer order cost for the candy bar product line. He has the following information: Customer order cost pool: $50,000 Total volume of all orders: 4,000 customer orders Number of customer orders for candy bars: 150 What is the cost of overhead applied to the candy bar product line? 10.When implementing activity-based costing, by how much will profit before taxes differ compared to other cost allocation systems for the year the implementation occurred?
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ACC 312 Fundamentals of Managerial Accounting Midterm Exam II, Spring 2012, Wednesday April 11th2012 5 Use the information below for the next 3 questions. Below is budgeted production and sales information for Alumina Cans, Inc. for the month of January: AluminumTinEstimated beginning inventory 10,000 units 4,000 units Desired ending inventory 14,000 units 3,000 units Region I, expected sales 360,000 units 80,000 units Region II, expected sales 120,000 units 20,000 units The unit selling price for aluminum cans is $0.10 and for tin cans is $0.15. 11.Total budgeted sales for the month (for both regions) are A.$63,000. B.$62,750. C.$63,250. D.$66,450. E.$58,000
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