The absorption rate for fixed overhead for this year = $8/direct labour hourThe labour budget for this year is– skilled $360,000 @ $4/hour– unskilled $180,000 @ $3/hour– supervisor $120,000 @ $6/hourFixed overhead this year is 1/3 more than last year.What was the budgeted fixed overhead for last year?
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Y 对 N 错
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Y 对 N 错
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Y 对 N 错
4 .The total production cost for two levels of output are as follows: Output Total cost 10,000 units $25,000 20,000 units $45,000Fixed costs are constant up to output of 15,000 units and increase by 50% for all levels ofoutput beyond that.What is the variable cost per unit?
A $1.50 B $2.00 C $2.25 D $2.50
5 .
A $13,000 B $12,500 C $11,500 D $11,000
7 .For last year a company had budgeted to absorb overheads at the rate of $5 per direct labourhour and it was estimated that each unit would require 4 direct labour hours. Production wasbudgeted at a level of 2,000 units but actual production was 1,900. It transpired that actualoverheads incurred were $43,000.What was the under/over-absorption of overheads for the year?
A $2,000 over-absorbed B $2,000 under-absorbed C $5,000 over-absorbed D $5,000 under-absorbed
8 .A company has produced its budget for the next year with an estimate of $8,400,000 for fixedproduction overheads and of 1,050,000 for productive labour hours. A pre-determined fixedoverhead absorption rate was calculated on the basis of these figures.Actual results for the year showed fixed overheads of $8,680,000 and productive labour hoursof 1,120,000.What is the total over or under absorption of fixed overheads for the period?
A $262,000 under absorption B $280,000 under absorption C $280,000 over absorption D $560,000 over absorption
9 .What transfer does the $5,000 credit entry represent?
A Under-recovery of fixed production overheads to the income statement B Over-recovery of fixed production overheads to the income statement C Under-recovery of fixed production overheads to the work-in-progress account D Over-recovery of fixed production overheads to the work-in-progress account
10 .Last month actual production overheads exceeded the absorbed production overheads.What accounting entries should be made to close the production overhead account at theend of the month?
A Debit the production overhead account and credit the work-in-progress account B Debit the work-in-progress account and credit the production overhead account C Debit the production overhead account and credit the profit and loss account D Debit the income statement and credit the production overhe...
