Remaining Time: $1$ hour, $53$ minutes, $10$ seconds.

Question Completion Status:

QUESTION $4$

$0\mathrm{.}25$ points $($Extra Credit$)$

A report prepared periodically by a processing department, summarizing $(1)$ the units for which the department is accountable and the disposition of those units and $(2)$ the costs incurred by the department and the allocation of those costs between completed and incomplete production, is termed a

a$.$ cost of production report

b$.$ process cost report

c$.$ manufacturing cost report

d$.$ factory overhead production report

QUESTION $5$

$0\mathrm{.}25$ points $($Extra Credit$)$

Pinnacle Corp. budgeted $$700,000$ of overhead cost for the current year. Actual overhead costs for the year were $$650,000.$ Pinnacle's plantwide allocation base, machine hours, was budgeted at $100,000$ hours. Actual machine hours were $80,000.$ A total of $100,000$ units was budgeted to be produced and $98,000$ units were actually produced. Pinnacle's rlantwide factory overhead rate for the current year is

a$.$ $$8\mathrm{.}75$ per machine hour

b$.$ $$6\mathrm{.}50$ per machine hour

d$.$ $$7\mathrm{.}00$ per machine hour

QUESTION $6$

$0\mathrm{.}25$ points $($Extra Credit$)$

Equivalent production units are generally determined for

a$.$ direct materials and conversion costs

b$.$ direct materials and direct labor costs

c$.$ conversion costs only

d$.$ direct materials only

Remaining Time: $1$ hour, $53$ minutes, $10$ seconds.

Question Completion Status:

QUESTION $4$

$0\mathrm{.}25$ points $($Extra Credit$)$

A report prepared periodically by a processing department, summarizing $(1)$ the units for which the department is accountable and the disposition of those units and $(2)$ the costs incurred by the department and the allocation of those costs between completed and incomplete production, is termed a

a$.$ cost of production report

b$.$ process cost report

c$.$ manufacturing cost report

d$.$ factory overhead production report

QUESTION $5$

$0\mathrm{.}25$ points $($Extra Credit$)$

Pinnacle Corp. budgeted $$700,000$ of overhead cost for the current year. Actual overhead costs for the year were $$650,000.$ Pinnacle's plantwide allocation base, machine hours, was budgeted at $100,000$ hours. Actual machine hours were $80,000.$ A total of $100,000$ units was budgeted to be produced and $98,000$ units were actually produced. Pinnacle's rlantwide factory overhead rate for the current year is

a$.$ $$8\mathrm{.}75$ per machine hour

b$.$ $$6\mathrm{.}50$ per machine hour

d$.$ $$7\mathrm{.}00$ per machine hour

QUESTION $6$

$0\mathrm{.}25$ points $($Extra Credit$)$

Equivalent production units are generally determined for

a$.$ direct materials and conversion costs

b$.$ direct materials and direct labor costs

c$.$ conversion costs only

d$.$ direct materials only