the manufactured overhea

Q: The total absorbtion rate used to allocate manuafcturing overhead is calculated by?

A: The absorption rate is allocated using the different allocation bases Direct labors hours Direct…

Q: Under what conditions would it be appropriate to use a process costing system? Give two examples of…

A: A method for calculating the overall manufacturing costs for each unit of a product is known as a…

Q: Using ABC to allocate manufacturing overhead can helpmanagers to:a. Identify what activities drive…

A:

Q: How have advances in manufacturing technology affected overhead application?

A: Overhead application: It is a process of allocating the cost to the jobs, the allocation of cost is…

Q: Which is not a step in analyzing the cost driver for manufacturing overhead?A. identify the costB.…

A: All indirect expenses involved during in the manufacturing process are referred to as manufacturing…

Q: Give detail definition on operational cost and explain in detail how the operational cost is…

A: Introduction:- The following definition of operational cost as follows under:- Operating costs are…

Q: why it is necessary to monitor cost per product or unit operating cost in order to determine the…

A: Cost refers to the value in money to be incurred for running the business or day-to-day activities…

Q: Is hiring of specialized manufacturing equipment a manufacturing overhead cost? Explain why or why…

A: Overhead cost is the sum of all indirect costs which are not directly traceable to the final goods…

Q: What are equivalent units? Why are they needed with a process costing system?

A: Process costing is the process of allocating the costs to products based on the production process.…

Q: how do I find total over- or underapplied fixed manufacturing overhead?

A: Overhead: Overhead refers to the costs, which are utilized in business activities, however cannot be…

Q: So, what's the difference between job order and process cost systems? Explain each system's product

A: This question tells about How do work order vs. process cost systems differ? Explain the products of…

Q: What does the following statement mean? “Accounting for overhead involves an important costbenefit…

A: Overheads are typically accounted by accumulating costs and dividing the total costs by the total…

Q: What is activity base cost management?

A: Activity-based costing commonly referred to as ABC is a part of cost accounting. Cost accounting is…

Q: Formula for FIxed Overhead How do you find fixed overhead?  What is the formula?

A: Overheads refers to the total cost of indirect materials, indirect labour and indirect expenses.…

Q: Give me an example How Efficient are Graphic Techniques - Scatter Charts for Estimating Costs?

A: Meaning of Scatter Graph Method Scatter graph method is a graphical technique of separating fixed…

Q: Explain the benefits of using a predetermined overhead rate instead of an actual overhead rate.

A:

Q: Which of the following is a nonunit-level driver? a. Direct labor hours b. Machine hours c. Direct…

A: Non-unit level driver represents the factor that does not depend on the number of production units.…

Q: Which of the following would be an acceptable measure of activity for a material handling activity…

A: For a material handling activity cost pool, number of material moves and weight of materials moved…

Q: You have been asked to install a costing system in a manufacturing company. What practical…

A: The Answer :

Q: Explain variable overhead costs.

A: Variable Costing: “Variable costing is a method that allocates only variable manufacturing costs to…

Q: What is the standard variable overhead rate and standard fixed overhead rate?

A: The overhead rate is calculated by dividing total indirect costs (also known as overhead) for a…

Q: iscuss under what condition it would be appropriate to use a process costing system

A: Solution Concept Process costing system Process costing is a system of costing where the cost of is…

Variance Analysis

In layman's terms, variance analysis is an analysis of a difference between planned and actual behavior. Variance analysis is mainly used by the companies to maintain a control over a business. After analyzing differences, companies find the reasons for the variance so that the necessary steps should be taken to correct that variance. 

Standard Costing

The standard cost system is the expected cost per unit product manufactured and it helps in estimating the deviations and controlling them as well as fixing the selling price of the product. For example, it helps to plan the cost for the coming year on the various expenses.