Which of the following is not a factory overhead allocation

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Reference no: EM13596530

1.Which of the following is not a factory overhead allocation method?

single plantwide rate
multiple departmental rates
traditional costing
activity-based costing

2.Common allocation bases are

direct labor dollars, direct labor hours, square footage
direct labor dollars, direct labor hours, machine hours
direct labor dollars, direct labor hours, machine dollars
machine dollars, direct labor dollars, machine hours

3.Which of the following is not a cost pool used with the activity-based costing method?

direct labor hours
production setups
machine hours
all are ABC cost pools

4.Activity rates are determined by

dividing the actual cost for each activity pool by the actual activity base for that pool.
dividing the cost budgeted for each activity pool by the estimated activity base for that pool.
dividing the actual cost for each activity pool by the estimated activity base for that pool.
dividing the cost budgeted for each activity pool by the actual activity base in that pool.

5.If selling and administrative expenses are allocated to different products, they should be reported as a

product cost
factory overhead cost
period cost
cost of goods sold
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Reference no: EM13596530

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