Equations 242 Exam 1 Flashcards
1
Q
Plantwide overhead rate
A
Total manufacturing overhead/
Total machine hours
Total manufacturing overhead/
Cost allocation base
2
Q
Prime costs
A
Direct materials + direct Labor
3
Q
Conversion costs
A
Manufacturing overhead + direct Labor
4
Q
Predetermined overhead rate
A
Total estimated manufacturing overhead costs/
Total estimated amount of allocation base
5
Q
MOH allocated to a job
A
Predetermined MOH rate x
Actual amount of allocation base used by job
6
Q
Total MOH allocated
A
Predetermined MOH rate x
Actual total amount of allocation base used on all jobs
7
Q
Departmental overhead rate
A
Total estimated departmental cost pool /
Total estimated departmental allocation base
