C253 PREASSESSMENT QUIZZES AND ANSWERS

C253 PREASSESSMENT QUIZZES AND
ANSWERS 2024 - 2025
Predetermined Overhead Rate ANS - Step 1: determine budgeted overhead

Step 2: calculate predetermined overhead



Changing from one allocation to another ANS - Step 1: Machine Hours

Step 2: Labor Dollars

Step 3: OH rate based on MH

Step 4: OH rate based on LD

Step 5: Difference in OH rate



Cost of Item ANS - Step 1: Direct Cost

Step 2: Apply Overhead

Step 3: Total



Cost per Unit ANS - Step 1: Direct Cost

Step 2: Apply Overhead

Step 3: Total

Step 4: Per Unit



Under/Over applied Overhead ANS - Step 1: Applied OH Rate

Step 2: Applied OH for the year

Step 3: Actual OH

Step 4: Actual OH - Applied OH



Cost of Goods Manufactured ANS - Step 1: Calculate DM

Step 2: Calculate DL