During the manufacturing of a product, different factors go into choosing what input to use during manufacturing a product. Take up this quiz on overhead costs when it comes to job costing and see if you are prepared for the upcoming test. All the best as you tackle it!
Cost of goods sold
Finished goods inventory
Raw materials inventory
Work in process inventory
Cost of goods sold
Finished goods inventory
Raw materials inventory
Work in process inventory
Direct labor
Manufacturing overhead
Selling expenses
Administrative costs
Cost allocation
Cost driver
Actual manufacturing overhead rate
Predetermined manufacturing overhead rate
Cost allocation
Cost driver
Materials requisition
Predetermined manufacturing overhead rate
Select an allocation base and estimate the total amount that will be used during the year
Allocate some manufacturing overhead to each individual job
Estimate total manufacturing overhead costs for the coming year
Calculate a predetermined manufacturing overhead rate
Select an allocation base and estimate the total amount that will be used during the year
Allocate some manufacturing overhead to each individual job
Estimate total manufacturing overhead costs for the coming year
Calculate a predetermined manufacturing overhead rate
Select an allocation base and estimate the total amount that will be used during the year.
Allocate some manufacturing overhead to each individual job.
Estimate total manufacturing overhead costs for the coming year.
Calculate a predetermined manufacturing overhead rate.
Machine hours
Direct labor hours
Direct labor costs
Any of the above
Before the period starts
During the period
At the end of the period
At none of these times
Before the period starts
During the period
At the end of the period
At any time
Wait!
Here's an interesting quiz for you.