WGU C253 Managerial Accounting (C253)

Material Overhead Rate (Labor Hours) - Estimated Overhead/Estimated Labor Hours Cost Per Part - (Direct Materials + Direct Labor + (overhead rate * amount of overhead))/units COGS - (Beg. Materials+Purchased Materials+End Materials)+Direct Labor+(Overhead for Labor)+(Beg work in process-End work in process) Predetermined Overhead Rate - Estimated total manufacturing overhead/Estimated total amount of allocation base Manufacturing Overhead Applied - Predetermined Overhead Rate x Actual amount...

WGU UFC 1 Managerial Accounting Pre-assessment Which Feature of managerial accounting improves a company's ability to plan and control operations? - It generates detailed information on product cost. Which statement describes period costs? -They flow directly to the current income statement as expenses. A company has the following costs associated with a job: Direct materials: $400 Direct labor: $450 Work in process: $950 Revenue from job: $1,450 What is the amount of overhead applied...

WGU C253 Managerial Accounting, Exam Review Questions. Latest update, VERIFIED. Pre-determined overhead rate formula - -projected overhead costs / expected activity base applied overhead formula - -pre-determined overhead rate x actual units of allocation based (such as direct labor hours) Under/over applied overhead rate = - -actual MOH - applied MOH Job cost = - -Direct materials + direct labor + applied MOH + (beg wip - ending wip) Cost of good sold = - -cost of goods manufactured ...

WGU C253 Advanced Managerial Accounting, Questions and answers, 100% Accurate. VERIFIED. Material Overhead Rate (Labor Hours) - -Estimated Overhead/Estimated Labor Hours Cost Per Part - -(Direct Materials + Direct Labor + (overhead rate * amount of overhead))/units COGS - -(Beg. Materials+Purchased Materials+End Materials)+Direct Labor+(Overhead for Labor)+(Beg work in process-End work in process) Predetermined Overhead Rate - -Estimated total manufacturing overhead/Estimated total amo...

WGU C253 Advanced Managerial Accounting, Exam Questions and answers, Rated A+. VERIFIED. 2000 underapplied 900 (Debit COGS by 200 and credit MOH) 16600 (debit MOH 2000 and credit COGS 2000) $42.00 per machine-hour $359,520 $(1520) $3.40 per machine-hour $5094 $134,000 151000 Legal Services $3 / machine hour $4 142,000 Equivalent Units of Production: Material 9140 / Conversion 8650 Cost per equivalent unit: Material 10.514 / Conversion $17.422 Cost of units completed and tr...

Pre-determined overhead rate formula - -projected overhead costs / expected activity base applied overhead formula - -pre-determined overhead rate x actual units of allocation based (such as direct labor hours) Under/over applied overhead rate = - -actual MOH - applied MOH Job cost = - -Direct materials + direct labor + applied MOH + (beg wip - ending wip) Cost of good sold = - -cost of goods manufactured + (beginning finished goods - ending finished goods) adjusted cost of goods sold = -...