Question 5 of 20 50 50 points which of the following

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Question 5 of 205.0/ 5.0 PointsWhich of the following is a result of cost distortion?A. Over costing of all productsB. Under costing of all productsC. Accurate costing of all productsD. Over costing of some products and under costing of other products
Question 6 of 205.0/ 5.0 PointsShowboat Corporation had actual manufacturing overhead costs for the most recent year of$29,500. Manufacturing overhead is allocated using a predetermined manufacturing overhead
rate of $1.50 per direct labor hour. Direct labor cost is $19 per hour. At the end of the year,Cabaret Corporation found it had over allocated manufacturing overhead by $1,250. How muchmanufacturing overhead was allocated in total during the year?
Question 7 of 205.0/ 5.0 PointsA system that focuses on activities as the fundamental cost object and uses the costs for theseactivities to compile indirect costs of goods and services is:
Question 8 of 205.0/ 5.0 PointsIn job costing, the journal entry to record the use of direct materials on jobs is to debit work-in-process inventory and credit:
D. wages payable.Question 9 of 200.0/ 5.0 PointsIf jobs have been under costed due to under allocation of manufacturing overhead, then cost ofgoods sold (COGS) is too low and which of the following corrections must be made?A. Decrease COGS for the amount of the under allocationB. Increase COGS for double the amount of the under allocationC. Decrease COGS for double the amount of the under allocationD. Increase COGS for the amount of the under allocation

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Term
Spring
Professor
NoProfessor
Tags
Accounting, BU330 Accounting For Managers, cost allocation rate

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