Accounting Test 2

Test Chapters 3,4,7 Student: 1. Which of coming up next is the right equation to figure the foreordained overhead rate? A. Assessed complete units in the portion base partitioned by evaluated absolute assembling overhead expenses. B. Assessed complete assembling overhead costs isolated by evaluated absolute units in the distribution base. C. Real all out assembling overhead costs isolated by assessed all out units in the assignment base. D.Estimated all out assembling overhead costs isolated by genuine all out units in the designation base.2. Which of the accompanying would presumably be the least fitting designation base for allotting overhead in an exceptionally robotized producer of claim to fame valves? A. Machine-hours B. Force utilization C. Direct work hours D. Machine setups3. Which terms will make the accompanying explanation valid? When producing overhead is overapplied, the Manufacturing Overhead record has a __________ balance and applied assembling overhead is more noteworthy than __________ fabrica ting overhead.A. charge, genuine B. credit, genuine C. charge, assessed D. credit, estimated4. Daguio Corporation utilizes direct work hours in its foreordained overhead rate. Toward the start of the year, the all out assessed fabricating overhead was $224,580. Toward the year's end, genuine direct work hours for it were 18,200 hours, fabricating overhead for the year was underapplied by $12,100, and the real assembling overhead was $219,580. The foreordained overhead rate for the year more likely than not been nearest to: A. $11. 40 for each machine-hour B. $12. 34 for every machine-hourC. $12. 06 for each machine-hour D. $10. 53 for each machine-hour5. Crinks Corporation utilizes direct work hours in its foreordained overhead rate. Toward the start of the year, the evaluated direct work hours were 11,200 hours and the absolute assessed producing overhead was $259,840. Toward the year's end, genuine direct work hours for it were 10,800 hours and the real assembling overhead for the year was $254,840. Overhead toward the year's end was: A. $4,280 overapplied B. $9,280 overapplied C. $9,280 underapplied D. $4,280 underapplied6.Washtenaw Corporation utilizes a vocation request costing framework. The accompanying information are for a year ago: Washtenaw applies overhead utilizing a foreordained rate dependent on direct work hours. What foreordained overhead rate was utilized a year ago? A. $3. 55 for each immediate work hour B. $3. 25 for each immediate work hour C. $3. 08 for each immediate work hour D. $3. 36 for every immediate work hour7. An organization should utilize process costing, as opposed to work request costing, if: A. creation is just in part finished during the bookkeeping time frame. B. the item is produced in clumps just as requests are received.C. the item is made out of mass-delivered homogeneous units. D. the item experiences a few stages of production.8. Which of the accompanying qualities applies to process costing, however doesn't have any significant bearing to work request costing? A. The requirement for averaging. B. The utilization of identical units of creation. C. Independent, recognizable employments. D. The utilization of foreordained overhead rates.9. The expense of starting stock under the weighted-normal strategy is: A. included with current period costs in deciding expenses per equal unit for a given period. B. gnored in deciding the expenses per proportionate unit for a given period. C. considered independently from costs caused during the present time frame. D. deducted from current period costs in deciding expenses per proportional unit for a given period.10. The Nichols Company utilizes the weighted-normal strategy in its procedure costing framework. The organization recorded 29,500 proportional units for transformation costs for November in a specific division. There were 6,000 units in the consummation work in process stock on November 30, 75% complete as for transformation costs.The November 1 work in process stock comprised of 8,000 units, half complete concerning change costs. A sum of 25,000 units were finished and moved out of the office during the month. The quantity of units began during November in the office was: A. 24,500 units B. 23,000 units C. 27,000 units D. 21,000 units11. Diston Company utilizes the weighted-normal strategy in its procedure costing framework. The principal handling office, the Welding Department, began the month with 18,000 units in its starting work in process stock that were 30% finished as for transformation costs.The change cost in this starting work in process stock was $44,820. An extra 90,000 units were begun creation during the month. There were 21,000 units in the consummation work in process stock of the Welding Department that were 10% finished as for transformation costs. An aggregate of $677,970 in change costs were brought about in the division during the month. What might be the expense per equal unit for transformation costs for the month? (Adjust to three decimal spots. ) A. $8. 112 B. $8. 300 C. $7. 533 D. $6. 10812.Sanchez Corporation utilizes the weighted-normal strategy in its procedure costing framework. The Fitting Department is the second office in its creation procedure. The information beneath sum up the office's tasks in March. The Fitting Department's expense per identical unit for change cost for March was $8. 66. What amount of transformation cost was allocated to the units moved out of the Fitting Department during March? A. $480,630 B. $450,320 C. $444,258 D. $510,94013. Planning another item is a case of (an): A. Unit-level action. B. Group level movement. C. Item level movement. D. Association supporting activity.14. McCaskey Corporation utilizes a movement based costing framework with the accompanying three action cost pools: The Other action cost pool is utilized to gather expenses of inactive limit and association supporting expenses. The organization has given the accompanying informa tion concerning its costs: The circulation of asset utilization across movement cost pools is given underneath: The action rate for the Fabrication action cost pool is nearest to: A. $1. 65 for each machine-hour B. $4. 00 for each machine-hour C. $0. 0 for every machine-hour D. $2. 40 for each machine-hour15. Christiansen Corporation utilizes an action based costing framework with the accompanying three action cost pools: The Other action cost pool is utilized to aggregate expenses of inert limit and association supporting expenses. The organization has given the accompanying information concerning its costs: The circulation of asset utilization across action cost pools is given underneath: The action rate for the Order Processing movement cost pool is nearest to: A. $676 per request B. $780 per request C. $560 per request D. $312 per order16.Bossie Corporation utilizes an action based costing framework with three action cost pools. The organization has given the accompanying inform ation concerning its expenses and its movement based costing framework: How much expense, altogether, would be distributed in the main stage allotment to the Assembly action cost pool? A. $196,333 B. $209,000 C. $310,000 D. $155,00017. Spendlove Corporation has given the accompanying information from its movement based costing framework: The organization makes 430 units of item S78N per year, requiring a sum of 1,120 machine-hours, 40 requests, and 30 review hours for every year.The item's immediate materials cost is $49. 81 for each unit and its immediate work cost is $12. 34 for every unit. The item sells for $129. 90 for each unit. As indicated by the movement based costing framework, the item edge for item S78N is: A. $4,116. 50 B. $29,132. 50 C. $6,180. 50 D. $5,161. 3018. Wecker Corporation utilizes the accompanying movement rates from its action based costing to appoint overhead expenses to items: Data concerning two items show up underneath: How much overhead expense would b e relegated to Product V09X utilizing the action based costing framework? A. 157. 87 B. $91,722. 47 C. $10,385. 22 D. $5,485. 5019. The parity in the Work in Process account approaches: A. the parity in the Finished Goods stock record. B. the equalization in the Cost of Goods Sold record. C. the parities hands on cost sheets of uncompleted occupations. D. the equalization in the Manufacturing Overhead account.20. Overapplied fabricating overhead happens when: A. applied overhead surpasses real overhead. B. applied overhead surpasses evaluated overhead. C. real overhead surpasses assessed overhead. D. planned overhead surpasses genuine overhead.