Make up class - MOH III

Normal costing systems are said to offer a user several distinct benefits when compared with actual costing systems. Which one of the following is not a benefit associated with normal costing systems?

• A more economical way of attaching overhead to a job or product.

• A smoothing of product costs throughout the period.

• Improved accuracy of job and product costing.

• More timely costing of jobs and products.

On page 16, in example F2.2 normal costing, which is the overhead rate – sewing

• A. 127 Baht/ hour

• B. 150 Baht/ hour

• C. 169.33 Baht/ hour

• D. 200 Baht/ hour

On page 18t no. 4, Which of the following  is closing balance of the MOH - sewing department

• A. overapplied 1,300

• B. underapplied 1,300

• C. underapplied 7,300

• D. overapplied 7,300

On page 19, in the direct method table of example 2.3, which rate is used to allocate the Manufacturing Overhead (MOH) cost of the store department to other departments?

• A. 1

• B. 1/2

• C. 2/3

• D. 3/4

On page 20, in direct method table, calculate the MOH applied for sewing department.

• A. 127 Baht/ hour

• B. 150 Baht/ hour

• C. 169.33 Baht/ hour

• D. 200 Baht/ hour

On page 21, which is the transaction of the end of the period closing overapplied or underapplied MOH to COGS?

• A. Dr. Over/Under Applied 6,000 and Cr. COGS 6,000

• B. Dr. Over/Under Applied 7,300 and Cr. COGS 7,300

• C. Dr. COGs 6,000 and Cr. Over/Under Applied 6,000

• D. Dr. COGs 7,300 and Cr. Over/Under Applied 7,300

On page 19, in the step method table of example 2.3, which rate is used to allocate the Manufacturing Overhead (MOH) cost of the store department to other departments?

• A. 0.4

• B. 0.5

• C. 0.625

• D. 1

On page 20, in step method table, calculate the MOH applied for both cutting and sewing department.

• A. Actual OH rate – Cutting is 29.75 Baht and Actual OH rate – Sewing is 200.83 Baht

• B. Actual OH rate – Cutting is 30 Baht and Actual OH rate – Sewing is 200.83 Baht

• C. Actual OH rate – Cutting is 29.75 Baht and Actual OH rate – Sewing is 200 Baht

• D. Actual OH rate – Cutting is 30 Baht and Actual OH rate – Sewing is 200 Baht

On page 20, in step method, which is the transaction of MOH applied to WIP

• A. Dr. WIP 26,033.33 and Cr. MOH – Cutting 5,950, Cr MOH – sewing 20,083.33

• B. Dr. WIP 26,000 and Cr. MOH – Cutting 6,000, Cr. MOH – sewing 20,000

• C. Dr. MOH – Cutting 5,950, Dr. MOH – sewing 20,083.33 and Cr. WIP 26,033.33

• D. Dr. MOH – Cutting 6,000, Dr. MOH – sewing 20,000 and Cr. WIP 26,000

On page 21, which is the transaction of the end of the period closing overapplied or underapplied MOH to COGS?

• A. Dr. Over/Under Applied 6,000 and Cr. COGS 6,000

• B. Dr. Over/Under Applied 6,033.33 and Cr. COGS 6,033.33

• C. Dr. COGs 6,000 and Cr. Over/Under Applied 6,000

• D. Dr. COGs 6,033.33 and Cr. Over/Under Applied 6,033.33