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Overhead is applied to jobs at a rate of 150% of direct labor costs. Job # 100 required $500 in direct labor costs. The job was initially budgeted to require $550 in direct labor costs. Overhead applied to # 100 during the period amounted to:
Select one:
a. $550
b. $750
c. $825
d. some other amount.
Question 2
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Which of the following is an example of a direct material cost?
Select one:
a. glue and tape, not traceable
b. plastic part in the product, easy to track
c. supervisors on the production line
d. boxes used to ship the product that are not tracked
Question 3
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Select one:
a. remains constant in total and remains constant per unit
b. remains constant in total and changes per unit
c. changes in total and remains constant per unit
d. changes in total and changes per unit
Question 17
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Manufacturing overhead is
Select one:
a. an indirect cost that can be directly traced to the products
b. a direct cost that cannot be directly traced to one product
c. a product cost that can be traced easily to the products
d. a product cost that cannot be directly traced to one product
Question 18
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In a job order costing system an important feature is that each job
Select one:
a. must be similar to previous jobs completed
b. has its own distinguishing characteristics
c. consists of one unit of output
d. must be completed before a new job is accepted
Question 19
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Conversion costs would consist of
Select one:
a. wood in a desk and the worker that makes the desk
b. wood in a desk and the cost of utilities at the plant
c. the supervisors salary and the worker that makes the desk
d. the traceable nails in the desk and the worker that makes the desk
Question 20
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What is an ABC system?
Select one:
a. A system of costing that determines standards for material, labor and