accounting 3 multiple choice

Challenger Factory produces two similar products: regular widgets and deluxe widgets. The total factory overhead budget is $675,000 with 300,000 estimated direct labor hours. Deluxe widget production requires 3 direct labor hours for sach unit and r ular widget production requires 2 direct labor hours for cach unit Using a single plantwide factory overhead rate with an allocation base of direct labor hours, the factory overhead that Challenger Factory will allocate to regular widget production if budgeted production of regular widgets for the period is 75,000 units and actual production of regular widgets for the period is 72,000 units would be a. $337,500 b. $168.750 c5162,000 d. $324,000 QUESTION 29 In order to be useful to managers, managerial accounting reports should possess all of the following characteristics except a. be prepared to report information for any unit of the business to support decision making b. be provided at any time management needs information provide objective measures of past operations and subjective estimates about future decisions d. be prepared in accordance with generally accepted accounting principles QUESTION 30 Which of the following are the two main types of cost accounting systems for manufacturing operations? a job order and general accounting systems b. process cost and replacement cost systems c. job order cost and process cost systems d. process cost and general accounting systems