Matching
Match the following terms with the definitions listed below.
Premises:
A temporary account used to reflect the indirect manufacturing cost of the period.
A costing system in which all production costs are applied to the products manufactured during the period.
A system for assigning cost to cost objects.
The amount of overhead incurred during a time period.
When the estimated amount of overhead included in work-in-process exceed the actual cost of overhead.
The estimated amount of overhead divided by the estimated amount of the cost driver.
A group of cost that change in response to a cost driver.
An estimated amount of overhead added to work-in-process during the period.
Responses:
Cost pool
Full absorption costing
Predetermined overhead rate
Overapplied overhead
Actual manufacturing overhead
Activity-based costing
Applied manufacturing overhead
Manufacturing overhead
Correct Answer:
Premises:
Responses:
A temporary account used to reflect the indirect manufacturing cost of the period.
A costing system in which all production costs are applied to the products manufactured during the period.
A system for assigning cost to cost objects.
The amount of overhead incurred during a time period.
When the estimated amount of overhead included in work-in-process exceed the actual cost of overhead.
The estimated amount of overhead divided by the estimated amount of the cost driver.
A group of cost that change in response to a cost driver.
An estimated amount of overhead added to work-in-process during the period.
Premises:
A temporary account used to reflect the indirect manufacturing cost of the period.
A costing system in which all production costs are applied to the products manufactured during the period.
A system for assigning cost to cost objects.
The amount of overhead incurred during a time period.
When the estimated amount of overhead included in work-in-process exceed the actual cost of overhead.
The estimated amount of overhead divided by the estimated amount of the cost driver.
A group of cost that change in response to a cost driver.
An estimated amount of overhead added to work-in-process during the period.
Responses:
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