ACC 406 CH.5 Flashcards
1
Q
Predetermined overhead rate =
A
Estimated annual overhead cost / Estimated annual activity level
2
Q
Applied overhead =
A
Predetermined overhead rate * Actual activity usage
3
Q
Overhead variance =
A
Applied overhead - Actual overhead
4
Q
Adjusted COGS =
A
Unadjusted COGS + Overhead variance
5
Q
Departmental overhead rate =
A
Estimated departmental overhead / Estimated departmental activity level
6
Q
Total product cost =
A
Total direct materials + Total direct labour + Applied overhead
7
Q
Unit product cost =
A
Total product cost / Number of units
8
Q
A
