Q • Question 1 0.2 out of 0.2 points What type of cost accounting system would be most appropriate for a construction contractor? • Question 2 0.2 out of 0.2 points A company estimated $420,000 of factory overhead cost and 16,000 direct labor hours for the period. During the period, a job was completed with $4,500 of direct materials and $3,000 of direct labor. The direct labor rate was $15 per hour. What is the factory overhead applied to the job? (Hint: You must first determine the Predetermined Factory Overhead Rate and covert the $3,000 direct labor cost to Hours Applied to the Job. Once you have the Predetermined Factory Overhead Rate that is multiplied times Hours Applied to the Job to get the correct answer.) • Question 3 0.2 out of 0.2 points A measure of activity that is related to changes in cost. Used in analyzing and classifying cost behavior. Activity bases are also used in the denominator in calculating the predetermined factory overhead rate to assign overhead costs to cost objects. • Question 4 0.2 out of 0.2 points A type of cost accounting system that provides for a separate record of the cost of each particular quantity of product that passes through the factory is called what? • Question 5 0.2 out of 0.2 points An account in the work in process subsidiary ledger in which the costs charged to a particular job order are recorded is called what?

View Related Questions