GB 519 RANK Extraordinary Life/gb519rank.com GB 519 RANK Extraordinary Life/gb519rank.com | Page 20

Factory overhead applied. Actual factory overhead. Overapplied overhead. Allocated factory overhead. Underapplied overhead.
Question 3. Question: The two main advantages of using predetermined factory overhead
rates are to provide more accurate unit cost information and to:
Student Answer: Simplify the accounting process. Provide cost information on a timely basis. Insure transmission of correct data. Extend the useful life of the cost data. Adjust for variances in data sources. UNIT 2 QUIZ
Question 4. Question: The ideal criterion for choosing an allocation base for overhead is:
Student Answer: Ease of calculation.

Factory overhead applied. Actual factory overhead. Overapplied overhead. Allocated factory overhead. Underapplied overhead.

Question 3. Question: The two main advantages of using predetermined factory overhead

rates are to provide more accurate unit cost information and to:

Student Answer: Simplify the accounting process. Provide cost information on a timely basis. Insure transmission of correct data. Extend the useful life of the cost data. Adjust for variances in data sources. UNIT 2 QUIZ

Question 4. Question: The ideal criterion for choosing an allocation base for overhead is:

Student Answer: Ease of calculation.