When overhead costs are assigned to jobs, the manufacturing overhead account will be _________ because the costs are ________.

Group of answer choices

credited; actual

debited; actual

debited; applied

credited; applied

Flag this Question

Question 21 pts

Predetermined overhead rate (POHR) is calculated by taking the estimated total MOH and dividing it by the estimated total cost driver.

Group of answer choices

True

False

Flag this Question

Question 31 pts

Predetermined overhead rate (POHR) is calculated by taking the actual total MOH and dividing it by the estimated total cost driver.

Group of answer choices

True

False

Flag this Question

Question 41 pts

Manufacturing overhead (MOH) is applied to jobs using normal costing (used in chapter 2 & 3) by taking the predetermined overhead rate (POHR) and multiplying it by the actual cost driver.

Group of answer choices

True

False

Flag this Question

Question 51 pts

Manufacturing overhead (MOH) is applied to jobs using normal costing (used in chapter 2 & 3) by taking the predetermined overhead rate (POHR) and multiplying it by the estimated (budgeted) cost driver.

Group of answer choices

True

False

Flag this Question

Question 61 pts

Which type of overhead rate is overly-simplistic?

Group of answer choices

Predetermined

Departmental

Division

Plantwide

Flag this Question

Question 71 pts

What formula do we use in accounting to determine estimated total manufacturing overhead (MOH)?

Group of answer choices

Y = mX + b

Y = a + bX

(Estimated Total MOH)/(Estimated Total Cost Driver)

(Actual Total MOH)/(Actual Total Cost Driver)

(Estimated Total MOH)/(Actual Total Cost Driver)

Flag this Question

Question 81 pts

Sweeten Company had no jobs in progress at the beginning of March and no beginning inventories. The company has two manufacturing departments--Molding and Fabrication. It started, completed, and sold only two jobs during MarchJob P and Job Q. The following additional information is available for the company as a whole and for Jobs P and Q (all data and questions relate to the month of March):

	Molding			Fabrication			Total
Estimated total machine-hours used		2,500			1,500			4,000
Estimated total fixed manufacturing overhead	$	10,000		$	15,000		$	25,000
Estimated variable manufacturing overhead per machine-hour	$	1.40		$	2.20

	Job P			Job Q
Direct materials	$	13,000		$	8,000
Direct labor cost	$	21,000		$	7,500
Actual machine-hours used:
Molding		1,700			800
Fabrication		600			900
Total		2,300			1,700

Sweeten Company had no underapplied or overapplied manufacturing overhead costs during the month.

What was the companys plantwide predetermined overhead rate? (Round your answer to 2 decimal places.)

Group of answer choices

$2.20 per MH

$1.40 per DLH

$2.20 per DLH

$1.40 per MH

$7.95 per MH

$7.95 per DLH

Flag this Question

Question 91 pts

Sweeten Company had no jobs in progress at the beginning of March and no beginning inventories. The company has two manufacturing departments--Molding and Fabrication. It started, completed, and sold only two jobs during MarchJob P and Job Q. The following additional information is available for the company as a whole and for Jobs P and Q (all data and questions relate to the month of March):

	Molding			Fabrication			Total
Estimated total machine-hours used		2,500			1,500			4,000
Estimated total fixed manufacturing overhead	$	10,000		$	15,000		$	25,000
Estimated variable manufacturing overhead per machine-hour	$	1.40		$	2.20

	Job P			Job Q
Direct materials	$	13,000		$	8,000
Direct labor cost	$	21,000		$	7,500
Actual machine-hours used:
Molding		1,700			800
Fabrication		600			900
Total		2,300			1,700

Sweeten Company had no underapplied or overapplied manufacturing overhead costs during the month.

What was the total manufacturing cost assigned to Job P using a plantwide predetermined overhead rate (POHR)? (Do not round intermediate calculations.)

Group of answer choices

$13,515

$29,015

$18,285

$52,285

Flag this Question

Question 101 pts

Sweeten Company had no jobs in progress at the beginning of March and no beginning inventories. The company has two manufacturing departments--Molding and Fabrication. It started, completed, and sold only two jobs during MarchJob P and Job Q. The following additional information is available for the company as a whole and for Jobs P and Q (all data and questions relate to the month of March):

	Molding			Fabrication			Total
Estimated total machine-hours used		2,500			1,500			4,000
Estimated total fixed manufacturing overhead	$	10,000		$	15,000		$	25,000
Estimated variable manufacturing overhead per machine-hour	$	1.40		$	2.20

	Job P			Job Q
Direct materials	$	13,000		$	8,000
Direct labor cost	$	21,000		$	7,500
Actual machine-hours used:
Molding		1,700			800
Fabrication		600			900
Total		2,300			1,700

Sweeten Company had no underapplied or overapplied manufacturing overhead costs during the month.

The manufacturing overhead (MOH) applied to the job is the same if the company uses a plantwide POHR or if the company uses a departmental POHR.

Group of answer choices

True

False