Which of the following statements is incorrect? OA. If MOH is overallocated to a job that has been sold, and the company calculates sales price by marking up job costs, the job will likely be underpriced. OB. The formula to arrive at the POHR is total budgeted manufacturing overhead divided by total estimated allocation base. O C. To calculate the increase to WIP for allocated MOH costs, the POHR is multiplied by the actual amount of the allocation based used by the cost object. D. "Number of units" is typically not an appropriate allocation base for MOH because the company's products do not consume equal overhead resources. O E. If the over/underallocated MOH is fairly large and the majority of the units have not been sold, the balance in MOH should be prorated between WIP, FG, and COGS.

I - A decrease in production will ordinarily result in an increase in fixed production cost per unit. II - Factory rent is included in manufacturing overhead, but office rent is a period cost. a. True, True b. False, True c. True, False d. False, False

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Compute the product margins for B300 and T500 under the company's traditional costing system. Compute the product margins for B300 and T500 under the activity-based costing system. Prepare a quantitative comparison of the traditional and activity-based cost assignments.

Kindly answer all questions: 1.) Cost behavior is considered linear whenever a straight line is a reasonable approximation for the relation between cost and activity. A. True B. False 2.) Which of the following is an example of a cost that is variable with respect to the number of units produced? A. rent on administrative office building B. rent on factory building C. Salaries of top marketing executives D. direct labor cost, where the direct labor force is adjusted to actual production of the period 3.) Fixed costs are constant in total amount over the relevant range of operations. A. True B. False 4.) The cost function derived by the simple least squares method: A. must be tested for minimum and maximum points. B. is parabolic. C. is linear. D. is curvilinear.

Which of the following statements is true? In variable costing, fixed manufacturing overhead costs flows through the inventory accounts on the balance sheet before being recorded as sales revenue on the income statement. In variable costing, fixed manufacturing overhead costs flows through the inventory accounts on the balance sheet before being recorded as part of selling and administrative expenses on the income statement. In variable costing, fixed manufacturing overhead costs flows through the inventory accounts on the balance sheet before being recorded as part of cost of goods sold on the income statement. In variable costing, fixed manufacturing overhead costs are recorded as period expenses on the income statement as incurred.

20. An activity-based overhead rate is computed as follows: A) actual overhead divided by actual use of cost drivers B) estimated overhead divided by estimated use of cost drivers. C) estimated overhead divided by actual use of cost drivers. D) actual overhead divided by estimated use of cost drivers. woll (A (8 21. Companies that switch to Activity-Based Costing often find they have A) been overpricing some products. B) been sacrificing profitability by underpricing some products. C) All of the these answers are correct. D) possibly losing market share to competitors. GO0.09 ( D) Sob Testavl 22. Marathon Oil Company manufactures two products, Regular and Supreme. Marathon's overhead costs consist of machining, $3,000,000; and assembling, $1,500,000. Information on the two products is: Regular 10,000 10,000 90,000 How much Overhead is applied to Regular using traditional costing based on direct Supreme 15,000 30,000 160,000 Direct labor hours (D dan Machine hours Number of parts labor…

1. What is a segment of an organization? Give a few examples of segments of Walmart Corporation. 2. What costs are assigned to a segment under the contribution approach? 3. Distinguish between a traceable fixed cost and a common fixed cost. 4. Explain how the contribution margin is different from the segment margin. 5. Why aren't common fixed costs allocated to segments under the contribution approach?

All of the following are variable costs except for which of the following? Group of answer choices Production supervisor’s salary Sales commission based on number of sales units Direct material costs Direct labor costs