Managerial Accounting Quiz

• $7000

• $25000

• $20000

• $15000

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DOK Level 4: Extended Thinking

A manufacturing company uses activity-based costing (ABC) to allocate overhead costs. The company has identified three activities with the following cost drivers: machine hours, labor hours, and number of setups. If the total overhead costs are $120,000, and the cost drivers are 2000 machine hours, 3000 labor hours, and 100 setups, how should the overhead costs be allocated to a product that uses 100 machine hours, 150 labor hours, and 5 setups?

• $6000

• $9000

• $4500

• $7500

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DOK Level 4: Extended Thinking

• $5000 Favorable

• $5000 Unfavorable

• $10000 Favorable

• $10000 Unfavorable

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DOK Level 4: Extended Thinking

In a process costing system, a company has the following data for the month: beginning work in process inventory of 1000 units (70% complete), units started during the month of 5000, and ending work in process inventory of 1500 units (40% complete). Calculate the equivalent units of production for the month.

• 4500 units

• 5000 units

• 5500 units

• 6000 units

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DOK Level 4: Extended Thinking

• $30,000

• $70,000

• $80,000

• $90,000

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DOK Level 4: Extended Thinking

• 2000 units

• 3000 units

• 4000 units

• 5000 units

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DOK Level 4: Extended Thinking

• $8

• $10

• $12

• $15

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DOK Level 4: Extended Thinking

• $10,000

• $15,000

• $20,000

• $25,000

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DOK Level 4: Extended Thinking

• $270,000

• $280,000

• $290,000

• $300,000

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DOK Level 4: Extended Thinking

A company is using process costing and has the following data: beginning work in process inventory of 500 units (60% complete), units started during the month of 4000, and ending work in process inventory of 1000 units (50% complete). Calculate the cost per equivalent unit if the total costs for the month are $60,000.

• $10

• $12

• $15

• $20

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DOK Level 4: Extended Thinking