WGU D101 Pre-Assessment: Key Formulas and Concepts in Cost &
Managerial Accounting
1. Job order costing- When is rate?
it appropriate to use job
or- der costing?
2. Which figures are used in
computing a
predetermined overhead
rate?
3. A company uses direct la-
bor hours to apply man-
ufacturing overhead. Bud-
geted manufacturing over-
head for the coming year
is
$640,000. Budgeted direct
materials purchases are
$400,000. Budgeted direct
labor cost is $720,000.
Bud- geted direct labor
hours for the coming year
are 16,000 hours. Actual
manufactur- ing overhead
for the year was $600,000.
Actual direct materials
purchases were
$380,000. Actual direct la-
bor cost was $700,000. Ac-
tual direct labor hours for
the year were 20,000 hours.
What is this company's
pre- determined overhead
1/
3
Managerial Accounting
1. Job order costing- When is rate?
it appropriate to use job
or- der costing?
2. Which figures are used in
computing a
predetermined overhead
rate?
3. A company uses direct la-
bor hours to apply man-
ufacturing overhead. Bud-
geted manufacturing over-
head for the coming year
is
$640,000. Budgeted direct
materials purchases are
$400,000. Budgeted direct
labor cost is $720,000.
Bud- geted direct labor
hours for the coming year
are 16,000 hours. Actual
manufactur- ing overhead
for the year was $600,000.
Actual direct materials
purchases were
$380,000. Actual direct la-
bor cost was $700,000. Ac-
tual direct labor hours for
the year were 20,000 hours.
What is this company's
pre- determined overhead
1/
3
