Which of the following is the formula to calculate the predetermined factory overhead rate? Group of answer choices actual total factory overhead costs divided by actual activity base estimated total factory overhead costs divided by actual activity base actual total factory overhead costs divided by estimated activity base estimated total factory overhead costs divided by estimated activity base

Prime cost consists of: Select one: O A. Direct labour B. O C. Factory overheads O D. a) and c) above Direct materials and direct labour

Only typing answer Please explain step by step without table and graph

Which one of the following represents a period cost? a. Fringe benefits associated with factory workers. b. The VP of Sales' salary and benefits. C. Overhead allocated to the manufacturing operations. d. Labor costs associated with quality control.

! Required information [The following information applies to the questions displayed below.] For many years, Thomson Company manufactured a single product called LEC 40. Then three years ago, the company automated a portion of its plant and at the same time introduced a second product called LEC 90 that has become increasingly popular. The LEC 90 is a more complex product, requiring 0.60 hours of direct labor time per unit to manufacture and extensive machining in the automated portion of the plant. The LEC 40 requires only 0.20 hours of direct labor time per unit and only a small amount of machining. Manufacturing overhead costs are currently assigned to products on the basis of direct labor-hours. Despite the growing popularity of the company's new LEC 90, profits have been declining steadily. Management is beginning to believe that there may be a problem with the company's costing system. Direct material and direct labor costs per unit are as follows: Direct materials Direct labor…

Which of the following are actual factory overhead allocation methods? a. factory costing, single plantwide rate, and activity-based costing methods b. single plantwide rate, multiple production department rates, and activity-based costing methods Oc c. factory costing, single plantwide rate, and multiple production department rate methods Od. multiple production department rates, activity-based costing, and factory costing methods

When used as the denominator in the calculation of an overhead rate, which of the following will cause the least amount of overhead to be applied?   a. Theoretical activity level   b. Expected activity level   c. Practical activity level   d. Normal activity level

Determine difference between the three methods used for allocating factory overhead costs to products.

The plant manager's salary * Product Cost Period Cost

How would sales salaries be classified for a manufacturing company? Group of answer choices product cost - administrative overhead product cost - factory overhead period cost - administrative expense period cost - selling expense