Need help with 12-15

The following four steps are necessary in order to use an activity-based costing system. 1. Compute the allocation rate for each activity. 2. Identify activities and estimate their total costs. 3. Identify the cost driver for each activity and then estimate the quantity of each driver's allocation base. 4. Allocate the indirect costs to the cost object. In what order are these steps performed? A) 1, 2, 3, 4 B) 3, 1, 2, 4 C) 2, 3, 1, 4 JC manufacturing produces products that use a variety of components. Which of the following cost drivers would be the most applicable for assigning material handling costs to the finished produces? A) Direct labour hours B) Direct labor cost C)Number of units produced D) Number of components used The predetermined manufacturing overhead rate for company will generally be A) Higher than actual manufacturing overhead rates B) Lower than actual manufacturing overhead rates. C) Based on monthly budgets. D) Based on annual budgets. When packaging and shipping are part of a production process, which of the following accounts will not be affected by the entries to record packing and shipping? Assume that all packing materials are purchased on account and held in materials inventory price to use. A) Work in Process Inventory B) Manufacturing overhead C) Wages Payable D) Materials Inventory E) Cost Goods Sold The variable overhead rate variance is calculated as: A) The difference between the actual and standard rates, multiplied by the actual driver usage B) The difference between the actual and standard rates, multiplied by the standard driver usage. C) The difference between Actual Costs and Standard costs D) The difference between Actual Costs and Split Costs E) None of the above