Question 17 of 20 50 points service firms develop a

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Question 17 of 205.0 PointsService firms develop a predetermined rate for some costs. This rate is called the:A. labor rate.B. direct cost rate.C. indirect cost allocation rate.D. hourly cost rate.
Question 18 of 205.0 PointsIf jobs have been under costed due to under allocation of manufacturing overhead, thencost of goods sold (COGS) is too low and which of the following corrections must bemade?
Question 19 of 205.0 PointsThe benefits of using the ABC costing system are higher if the company:
Question 20 of 205.0 PointsKramer Company manufactures coffee tables and uses an activity-based costing systemto allocate all manufacturing conversion costs. Each coffee table consists of 20 separateparts totaling $240 in direct materials, and each requires 5 hours of machine time toproduce. Additional information follows.ActivityAllocation BaseCost Allocation RateMaterials handlingNumber of parts$2.00 per partMachiningMachine hours$2.75 per machine hourAssemblingNumber of parts$1.00 per partPackagingNumber of finished units$3.00 per finished unitWhat is the cost of machining per coffee table?
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Term
Fall
Professor
MILLER
Tags
Managerial Accounting, ACCT 2302, Paula Miller

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