chapter 2 job costing calculations Flashcards
1
Q
Predetermined overhead rate
A
POHR = Total Estimated MOH / Estimated # of cost driver
2
Q
If manufacturing OH was over or under applied
A
Applied MOH – Actual MOH = ?
3
Q
Manufacturing cost for a specific job
A
Manufacturing Cost (aka Product Cost) = DM + DL + Applied MOH
4
Q
Indirect manufacturing cost
A
Indirect manufacturing cost = MOH
5
Q
Total manufacturing overhead
A
Total MOH = Variable MOH + Fixed MOH
6
Q
Product cost
A
Product Cost = DM + DL + Total MOH
