Prime Cost
Exam 1- formula review

Quiz
•
Other
•
University
•
Hard
Cathleen Flynn
Used 7+ times
FREE Resource
9 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
MOH-DL
DL+MOH
DM-DL
DM+DL
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Direct Materials Used + Direct Labor + Applied Manufacturing Overhead =
Total Manufacturing Costs
Total Current Manufacturing Costs
Direct Materials Used
Total Eggs in a Basket
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Conversion Cost
DL-MOH
DL+MOH
DM-DL
DM+DL
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Predetermined Overhead Rate
Actual Total MOH Cost / Actual Total Cost Driver
Actual Total MOH Cost x Actual Total Cost Driver
Estimated Total MOH Cost / Estimated Total Cost Driver
Estimated Total MOH Cost x Estimated Total Cost Driver
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Beg. Raw Materials Inv. + Purchases - End. Raw Materials Inv.
Direct Materials Used
Activity Rate
Total Manufacturing Costs
Prime Costs
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Applied Manufacturing Overhead
Predetermined overhead rate / Estimated Cost Driver
Predetermined overhead rate x Actual Cost Driver
Actual MOH x Actual Cost Driver
Actual MOH / Actual Cost Driver
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Activity Rate
Total Activity Cost /
Total Cost Driver
Total Activity Cost x
Total Cost Driver
Market Price x
Estimated Cost Driver
8.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Target Cost
Market Price x Target Profit
Market Price / Target Profit
Market Price + Target Profit
Market Price - Target Profit
9.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Total Manufacturing Costs - End. Work in Process Inv. + Beg. Work in Process Inv.
Cost of Goods Sold
Target Cost
Cost of Goods Manufactured
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