Exam 1 Managerial Accounting Tests b b b b
With Complete Solutions b b b
The hdirect hmaterials hrequired hto hmanufacture heach hunit hof hproduct hare hlisted hon
b b b b b b b b b b b b
hthe h- hcorrect hanswer-bill hof hmaterials
b b b b b b
In hthe hcost hformula h(Y h= ha h+ hbX) hthat his hused hto hestimate hthe htotal hmanufacturing
b b b b b b b b b b b b b b b b
hoverhead hcost hfor ha hgiven hperiod, hthe hletter h"a" hrefers hto hthe hestimated
b b b b b b b b b b b b b
h________. h- hcorrect hanswer-total hfixed hmanufacturing hoverhead hcost
b b b b b b b b
The hmanagement hof hblue hocean hestimates hthat h50,000 hmachine-hours hwill hbe
b b b b b b b b b b
hrequired hto hsupport hthe hproduction hplanned hfor hthe hyear. hIt halso hestimates
b b b b b b b b b b b b
h$300,000 hof hthe htotal hfixed hmanufacturing hOH hcost hfor hthe hcoming hyear hand h$4
b b b b b b b b b b b b b b
hof hvariable hmanufacturing hoverhead hcost hper hmachine-hour. hWhat his hthe
b b b b b b b b b b
hpredetermined hoverhead hrate? h- hcorrect hanswer-$10 hper hmachine hhour
b b b b b b b b b
Spartan hcorporation hestimates hthat hit hwill hincur h$200,000 hof htotal hmanufacturing
b b b b b b b b b b
hoverhead hcost hat han hestimated hactivity hlevel hof h10,000 hdirect hlabor hhours. hWhat
b b b b b b b b b b b b b
his hthe hamount hof hmanufacturing hoverhead hthat hwould hbe happlied hto ha hjob hthat
b b b b b b b b b b b b b b
hrequires h200 hdirect hlabor hhours h- hcorrect hanswer-$200,000/10,000 h= h$20
b b b b b b b b b b
$20 hx h200 hdirect hlabor hhours h= h$4,000
b b b b b b b
A hnormal hcost hsystem happlies hoverhead hto hjobs h________. h- hcorrect hanswer-by
b b b b b b b b b b b
hmultiplying ha hpredetermined hoverhead hrate hby hthe hactual hamount hof hthe
b b b b b b b b b b b
hallocation hbase hincurred hby hthe hjob
b b b b b b
Wilson hProducts huses ha hplantwide hpredetermined hoverhead hrate hof h$10 hper hdirect
b b b b b b b b b b b
hlabor-hour. hDirect hmaterial hand hdirect hlabor hassociated hwith hJob hX23 hare h$4,000
b b b b b b b b b b b b
With Complete Solutions b b b
The hdirect hmaterials hrequired hto hmanufacture heach hunit hof hproduct hare hlisted hon
b b b b b b b b b b b b
hthe h- hcorrect hanswer-bill hof hmaterials
b b b b b b
In hthe hcost hformula h(Y h= ha h+ hbX) hthat his hused hto hestimate hthe htotal hmanufacturing
b b b b b b b b b b b b b b b b
hoverhead hcost hfor ha hgiven hperiod, hthe hletter h"a" hrefers hto hthe hestimated
b b b b b b b b b b b b b
h________. h- hcorrect hanswer-total hfixed hmanufacturing hoverhead hcost
b b b b b b b b
The hmanagement hof hblue hocean hestimates hthat h50,000 hmachine-hours hwill hbe
b b b b b b b b b b
hrequired hto hsupport hthe hproduction hplanned hfor hthe hyear. hIt halso hestimates
b b b b b b b b b b b b
h$300,000 hof hthe htotal hfixed hmanufacturing hOH hcost hfor hthe hcoming hyear hand h$4
b b b b b b b b b b b b b b
hof hvariable hmanufacturing hoverhead hcost hper hmachine-hour. hWhat his hthe
b b b b b b b b b b
hpredetermined hoverhead hrate? h- hcorrect hanswer-$10 hper hmachine hhour
b b b b b b b b b
Spartan hcorporation hestimates hthat hit hwill hincur h$200,000 hof htotal hmanufacturing
b b b b b b b b b b
hoverhead hcost hat han hestimated hactivity hlevel hof h10,000 hdirect hlabor hhours. hWhat
b b b b b b b b b b b b b
his hthe hamount hof hmanufacturing hoverhead hthat hwould hbe happlied hto ha hjob hthat
b b b b b b b b b b b b b b
hrequires h200 hdirect hlabor hhours h- hcorrect hanswer-$200,000/10,000 h= h$20
b b b b b b b b b b
$20 hx h200 hdirect hlabor hhours h= h$4,000
b b b b b b b
A hnormal hcost hsystem happlies hoverhead hto hjobs h________. h- hcorrect hanswer-by
b b b b b b b b b b b
hmultiplying ha hpredetermined hoverhead hrate hby hthe hactual hamount hof hthe
b b b b b b b b b b b
hallocation hbase hincurred hby hthe hjob
b b b b b b
Wilson hProducts huses ha hplantwide hpredetermined hoverhead hrate hof h$10 hper hdirect
b b b b b b b b b b b
hlabor-hour. hDirect hmaterial hand hdirect hlabor hassociated hwith hJob hX23 hare h$4,000
b b b b b b b b b b b b
