Mountain Made quilts had a predetermined overhead allocation rate of $5.00 per direct labor hour. If 5 direct laborers worked 1 ½ hours each to make a batch of 10 quilts, how much total overhead would be allocated to the batch of quilts?
A) $7.50 B) $37.50
C) $30.00 D) $75.00
11) Assume that the total cost for the batch of 10 quilts made above in #10 was $400. If Mountain Made wants to earn a gross profit of 40% on each quilt, what price should be charged for each quilt?
A) $160 B) $16 C) $56 D) $560
12) Job 2301 requires $12,000 of direct materials, $5,000 of direct labor, 500 direct labor hours, & 300 machine hours. Manufacturing overhead is computed at $15 per direct labor hour used & $12 per machine hour used. The total cost of Job 1547 is:
A. $28,100. B. $11,100.
C. $17,000. D. $24,500.
15) The requisition of direct & indirect materials into production reduces:
A. finished goods inventory. B. manufacturing overhead.
C. raw materials inventory. D. work in process inventory.
16) Which of the following represents the flow of costs in a manufacturing firm?
A. Raw materials inventory, finished goods inventory, COGS
B. Raw materials inventory, WIP, finished goods inventory
C. Finished goods inventory, work in process inventory, COGS
D. Work in process inventory, COGS, finished goods inventory
1. Cost distortion results in the:
A. over costing of all products.
B. under costing of all products.
C. over costing of some products & under costing of other products.
D. accurate costing of all products.
2. What is the first step in developing an ABC system?
A. Identify the primary activities & estimate a total cost pool for each.
B. Allocate the costs to the cost object using the activity cost allocation rates.
C. Select an allocation base for each activity.
D. Calculate an activity cost allocation rate for each activity.
4. Which of the following describes how, in ABC, the activity allocation rate is computed?
A. The total estimated activity cost pool is divided by the total estimated activity allocation base.
B. The total estimated activity allocation base is divided by the total estimated activity cost pool.
C. The total estimated activity allocation base is multiplied by the total estimated activity cost pool.
D. You take the total estimated activity allocation base & subtract the total estimated total activity cost pool.
Exemplary Academic Writing Service
At TheQuizlet.com, you are guaranteed of quality service from our professional writers. We maintain consistent communication with customers after placing an order to avoid missing anything that may compromise the quality of delivered work.
Our hiring process is rigorous to maintain the desired quality that has become the core of our business. We expose potential writers to an uncompromising selection process that enables TheQuizlet to pick the best out of the rest. TheQuizlet boasts of a competent team of writers, editors, and professors who work towards accomplishing your goals.
TheQuizlet has an in-house plagiarism software that lowers the probability of delivering plagiarized papers to our clients. Referencing is guided by the format specified by a customer when placing an order. Our writers are conversant with all referencing formats that include APA, MLA, Chicago, Harvard, and Vancouver among others.
24/7 Customer Support
We understand the importance of effective communication and as such, TheQuizlet has a dedicated customer support department that responds to all client needs. You can easily contact our team through a chat window at the bottom left corner. Additionally, clients can reach us through support’s email or a telephone number available on our contact page. Feel free to contact us at any time and our team of experts will solve all your problems.
Swift Delivery and 100% Money-back Guarantee
When placing an order, ensure that you specify the correct deadline to help our writers work around the provided timeline. At TheQuizlet, we deliver our tasks before the projected deadline to give time for the customer to proofread the work before submission. In the event we cannot deliver a paper on time, we initiate contact with the client to renegotiate a new deadline.
Unlimited and Free Revisions
We urge all our customers to request for a revision whenever they identify a need to amend the paper. Since we understand your concerns, TheQuizlet.com does not charge for revisions. Nonetheless, we encourage customers to be genuine when requesting for revisions.
Try it now!
How it works?
Follow these simple steps to get your paper done
Place your order
Fill in the order form and provide all details of your assignment.
Proceed with the payment
Choose the payment system that suits you most.
Receive the final file
Once your paper is ready, we will email it to you.
TheQuizlet is a one-stop shop for all your writing needs. We tackle each customer’s needs differently to improve the quality of outcomes and meet your expectations.
TheQuizlet is committed to delivering quality work on time to ensure our clients get the value for their money.
Admission Essays and Professional Writing
Admission essays are personal, as opposed to other papers. For this reason, our team will request for any information that will enable them to deliver quality work, which allows you to convince the admissions board on why you should be granted the application.
Editing and Proofreading
Our team comprises of qualified researchers, writers, and editors who go through the different papers before delivering them to our clients. Whether your paper is being written from scratch or you want it to be edited, you can trust TheQuizlet for all your needs.
After receiving the final draft, you can request for a revision to incorporate various changes that are aligned with your expectations. All our papers are written in line with the latest writing standards.