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Chico Motor Works identified the following data in its two production departments. Required What is the company's single plantwide overhead rate based on direct labor
Chico Motor Works identified the following data in its two production departments.
Required
What is the company's single plantwide overhead rate based on direct labor hours?
What are the company's departmental overhead rated if the assembly department
assigns overhead based on direct labor hours and the finishing department assigns
overhead based on machine hours?
In the blank next to the following terms, place the letter A through
corresponding to the best description of that term.
Unit level activity
activity driver
B A group of costs that have the same activity drivers.
batch level activit
cost object
C Anything to which costs will be assigned.
plantwide rate
D Tasks that are performed for each group of units such as
cost pool
E An activity that causes a cost to be incurred.
F Measurement associated with an activity.
G A single factor used to apply indirect manufacturing
costs in all departments.
Compute the ABC activity rate for each of the following overhead activities:
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