Author: Anonymous

In using the high-low method, the fixed cost

Which of the following costs incurred by a chair manufacturer would be traced to the product cost through direct tracing?

Manufacturing overhead consists of all

On March 9, Job XX4 was completed. The job cost sheet showed a total of $6,000 in direct materials and $8,000 in direct labor at a rate of $20 per direct labor hour. Factory overhead is applied at $30 per direct labor hour. The debit to Finished Goods Inventory to record the completion of Job XX4 is

If actual overhead is greater than applied manufacturing overhead, then manufacturing overhead is:

Cost behavior analysis applies to

When a job is completed and all costs have been accumulated on a job cost sheet, the journal entry that should be made is

The relevant range of activity refers to the

For a manufacturing company, which of the following is an example of a period cost rather than a product cost?

The Ladder Company wants to develop a cost estimating equation for its monthly cost of electricity. It has the following data: Month Cost of Electricity Direct Labor Hours February $ 8,100    750 May  9,000   850 August 10,200 1,000 November  8,700   800 ​ Using the high-low method, which of the following is the best equation?