ACCT 344 DeVry Week 3 Complete Work
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<strong>ACCT</strong> <strong>344</strong> <strong>DeVry</strong> <strong>Week</strong> 3 <strong>Complete</strong> <strong>Work</strong><br />
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<strong>ACCT</strong> <strong>344</strong> <strong>DeVry</strong> <strong>Week</strong> 3 <strong>Complete</strong> <strong>Work</strong><br />
<strong>ACCT</strong> <strong>344</strong> <strong>DeVry</strong> <strong>Week</strong> 3 Homework<br />
1. Question: Alliance Company manufactures two products (brushes and combs). The overhead costs have been<br />
divided into four cost pools that use the following activity drivers…………………..<br />
a. Compute the allocation rates for each of the activity drivers listed.<br />
b. Allocate the overhead costs to Products S and T using activity-based costing<br />
c. Compute the overhead rate using machine hours under the functional-based costing system.<br />
d. Allocate the overhead costs to Products S and T using the functional-based costing system overhead rate<br />
calculated in part (c).<br />
2. Question: <strong>Complete</strong> Exercise 4.10 located on page 182 & 183 in the textbook.<br />
<strong>ACCT</strong> <strong>344</strong> <strong>DeVry</strong> <strong>Week</strong> 3 Quiz<br />
1. Question: (TCO 8) A predetermined overhead rate is calculated using which formula?<br />
2. Question: (TCO 8) All of the following are unit-based activity drivers EXCEPT<br />
3. Question: (TCO 8) A department that is capital intensive most likely would use a predetermined departmental<br />
overhead rate based on which activity base?<br />
4. Question: (TCO 8) Star Inc. uses a job-order costing system to account for product costs. The following information<br />
was provided for the current year. Materials placed in production $160,000 Indirect labor $50,000 Direct labor (10,000<br />
hours) $180,000 Depreciation of factory building $80,000 Other factory overhead $130,000 Increase in work-in-process<br />
inventory $45,000 Factory overhead rate per direct labor hour $25 Which is the amount of under- or overapplied<br />
overhead for Star Inc.?<br />
5. Question: (TCO 8) Acme Company manufactures two products (anvils and barrels). Overhead costs ($84,000) have<br />
been divided into three cost pools, which use the following activity drivers…….<br />
6. Question: (TCO 8) Which is NOT a limitation of a plantwide overhead rate?<br />
7. Question: (TCO 8) The resources consumed by the activity in producing its output are called<br />
8. Question: (TCO 8) Which is NOT part of the cost dimension of the activity-based management model?<br />
9. Question: (TCO 8) Which is an example of a non-value-added manufacturing activity?
10. Question: (TCO 8) The process that involves choosing among various sets of activities that are caused by<br />
competing strategies is called......
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