1- Who assigns the percentage applied to each Activity Cost Pool?

A- Customer

B- Amount sold

C- It is a Management decision when estimating future cost calculations

D- the payroll accountants

2- An example of Process Costing would be?

A- Freddy's Ford Service Department

B- Willards Wedding Cakes

C- Boeing Aircraft

D-- Coca Cola

3- Beginning work in process was $75,000. Manufacturing costs added to production for the month were $200,000. There were $200,000 of partially finished goods remaining in work in process inventory at the end of the month. What was the cost of goods manufactured during the month?

A- $75,500.00

B- $200,000.00

C- $75,000.00

D- Cannot be determined

4- Why do we need to compute a Pre Determined Overhead Rate (POHR) in Job Order Costing?

A- Since actual overhead is not known we must make an allocation that is based on the best estimate.

B- When Cost Pools are used

C- Since actual overhead is not known we must make an allocation that is based on the process costing formula.

D- We do not calculate POHR in Job Order Costing.