ACC 241 Exam 1 Formulas questions with complete solution

ACC 241 Exam 1 Formulas questions
with complete solution

PDOR - correct answer ✔✔ estimated amount of MOH / estimated amount of cost driver



Applied MOH - correct answer ✔✔ PDOR x Actual cost driver cost



Actual < applied - correct answer ✔✔ overapplied - decrease COGS



actual > applied - correct answer ✔✔ underapplied - increase COGS



variable costs - correct answer ✔✔ total increases, unit stays



fixed costs - correct answer ✔✔ total stays, unit decreases



mixed costs - correct answer ✔✔ total increases, unit decreases



high low method - correct answer ✔✔ change in costs / change in activity (use units)



total product cost - correct answer ✔✔ DM + DL + MOH



per unit - correct answer ✔✔ total cost / # of units



GP - correct answer ✔✔ sales - COGS