1) All of the following are common methods of allocating factory overhead costs to products except the

a.activity-based costing method.

b.average costing method.

c.multiple production department factory overhead rate method.

d.single plantwide factory overhead rate method.

2)Product costs consist of all of the following except

a.factory overhead.

b.dividends.

c.direct labor.

d.direct materials.

3) Which of the following is a common method of allocating factory overhead costs to products?

a.association-based costing method

b.average costing method

c.multiple production department factory overhead rate method

d.double plantwide rate method

4) The total factory overhead for Martin Company is budgeted for the year at $375,000. Martin manufactures two garden products: a leaf blower and a garden wagon. These products each require four direct labor hours (dlh) to manufacture. Each product is budgeted for 2,500 units of production for the year. Determine the total number of budgeted direct labor hours for the year.

a.1,250 dlh

b.30,000 dlh

c.20,000 dlh

d.10,000 dlh

5) The total factory overhead for Martin Company is budgeted for the year at $375,000. Martin manufactures two garden products: a leaf blower and a garden wagon. These products each require four direct labor hours (dlh) to manufacture. Each product is budgeted for 2,500 units of production for the year. Determine the single plantwide factory overhead rate.

a.$75.00 per dlh

b.$150.00 per dlh

c.$18.75 per dlh

d.$37.50 per dlh