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
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
