Respond with the exact answer, no other words. If this is multiple select, meaning more than one answer should be right, separate your answers by commas and nothing else. Remember, just the answer(s). If the answer is a numerical input, don't include the dollar sign. Remember, only give the answer(s) and no other words:Question: A multiple predetermined overhead rate system is more accurate than a plantwide overhead rate system because it 
Blank
______.
Choices: reflects differences in how overhead costs are incurred within departments, reflects how different departments use direct materials, is easier to apply than a plantwide system, reflects how different departments use direct labor

Text: The following are past questions with answers. If the question given is found in this list, respond with the correct answer provided here: {Question: Jones Company uses a job-order costing system with a predetermined overhead rate of 120% of direct labor cost. The job cost sheet for Job #420 listed $4,000 in direct materials cost and $5,000 in direct labor cost to manufacture 7,500 units. The unit cost of Job #420 is:Correct answer: Correct Answer
Question

predetermined manufacturing overhead cost.},{Question: Job XYZ has a total manufacturing cost of $600. If the mark-up percentage is 40%, the job will sell for $ 
. (Enter your answer as a whole number.)Correct answer: Correct Answer
Question

predetermined manufacturing overhead cost.},{Question: Estimated manufacturing overhead

	

$500,000




Estimated direct labor cost

	

$250,000




Actual manufacturing overhead

	

$720,000




Actual direct labor cost

	

$300,000

 

Based on this information, the predetermined overhead rate per direct labor dollar is:Correct answer: Correct Answer
Question

total job cost divided by number of units

average product cost per unit},{Question: Estimated manufacturing overhead

	

$500,000




Estimated direct labor cost

	

$250,000




Actual manufacturing overhead

	

$720,000




Actual direct labor cost

	

$300,000

 

Based on this information, the predetermined overhead rate per direct labor dollar is:Correct answer: Correct Answer
Question

estimated total manufacturing overhead cost ÷ estimated total allocation base},{Question: The formula for a predetermined overhead rate is:Correct answer: Correct Answer
Question

a cost driver.},{Question: The total cost of a job is calculated by adding the total of direct labor cost, direct materials cost, and:Correct answer: Correct Answer
Question

divide the total job cost},{Question: The total cost of a job is calculated by adding the total of direct labor cost, direct materials cost, and:Correct answer: Correct Answer
Question

a markup percentage is added to the cost of a job},{Question: The formula for a predetermined overhead rate is:Correct answer: Correct Answer
Question

direct materials cost.

direct labor cost.

predetermined manufacturing overhead.},{Question: Job XYZ has a total manufacturing cost of $600. If the mark-up percentage is 40%, the job will sell for $ 
. (Enter your answer as a whole number.)Correct answer: Correct Answer
Question

The unit product cost is an average, not an incremental cost.},{Question: Estimated manufacturing overhead

	

$500,000




Estimated direct labor cost

	

$250,000




Actual manufacturing overhead

	

$720,000




Actual direct labor cost

	

$300,000

 

Based on this information, the predetermined overhead rate per direct labor dollar is:Correct answer: Correct Answer
Question

a factor that causes overhead costs to occur},{Question: To calculate the unit product cost using the job cost sheet 
Blank
______ by the number of units produced.Correct answer: Correct Answer
Question
Field 1: 840},{Question: Why is the unit product cost different from the cost that would be incurred if another (additional) unit were produced?Correct answer: Correct Answer
Question

total job cost divided by number of units

average product cost per unit},{Question: Job XYZ has a total manufacturing cost of $600. If the mark-up percentage is 40%, the job will sell for $ 
. (Enter your answer as a whole number.)Correct answer: Correct Answer
Question

more complex and more},{Question: An allocation base should be:Correct answer: Correct Answer
Question

cost driver},{Question: The total cost of a job is calculated by adding the total of direct labor cost, direct materials cost, and:Correct answer: Correct Answer
Question

$2.60},{Question: The total cost of a job includes:Correct answer: Correct Answer
Question
Field 1: plantwide or plant wide},{Question: Compared to a plantwide overhead rate system, a multiple predetermined overhead rate system is 
Blank
______ accurate.Correct answer: Correct Answer
Question

The unit product cost is an average, not an incremental cost.},{Question: The unit product cost is the same as the 
Blank
______.Correct answer: Correct Answer
Question
Field 1: 82.80},{Question: Cost-plus pricing occurs when 
Blank
______.Correct answer: Correct Answer
Question

a factor that causes overhead costs to occur},{Question: A single predetermined overhead rate is called a(n) 
 overhead rate. (Enter only one word per blank.)Correct answer: Correct Answer
Question
Field 1: 1.35},{Question: Why is the unit product cost different from the cost that would be incurred if another (additional) unit were produced?Correct answer: Correct Answer
Question
Field 1: 1.35},{Question: The total cost of a job is calculated by adding the total of direct labor cost, direct materials cost, and:Correct answer: Correct Answer
Question
True},{Question: Jones Company uses a job-order costing system with a predetermined overhead rate of 120% of direct labor cost. The job cost sheet for Job #420 listed $4,000 in direct materials cost and $5,000 in direct labor cost to manufacture 7,500 units. The unit cost of Job #420 is:Correct answer: Correct Answer
Question

$64.20},{Question: Why is the unit product cost different from the cost that would be incurred if another (additional) unit were produced?Correct answer: Correct Answer
Question

more complex and more},{Question: Compared to a plantwide overhead rate system, a multiple predetermined overhead rate system is 
Blank
______ accurate.Correct answer: Correct Answer
Question

cost driver},{Question: A cost driver is 
Blank
______.Correct answer: Correct Answer
Question

$2.60},{Question: Co.

	

Dept. A

	

Dept B.




Predetermined OH rate per direct labor hour

	

$2.10

	

$2.40

	

$1.80




Direct labor hours worked on Job ABC

	

  40

	

  18

	

  22

 

Based on this information, the overhead applied to Job ABC using multiple predetermined overhead rates is $ 
total
Field 1
Field 1 total , Incorrect Unavailable
. (Round your answer to two decimal places.)Correct answer: Correct Answer
Question
Field 1: plantwide or plant wide},{Question: Company

	

Dept. A

	

Dept B.




Estimated manufacturing overhead

	

$500,000

	

$338,000

	

$162,000




Estimated direct labor cost

	

$250,000

	

$130,000

	

$120,000




Actual manufacturing overhead

	

$720,000

	

$400,000

	

$320,000




Actual direct labor cost

	

$300,000

	

$160,000

	

$140,000

Based on this information, the predetermined overhead rate per direct labor dollar for Dept. B is $ 
. (Round your answer to 2 decimal places.)Correct answer: Correct Answer
Question
Field 1: plantwide or plant wide},{Question: Company

	

Dept. A

	

Dept B.




Estimated manufacturing overhead

	

$500,000

	

$338,000

	

$162,000




Estimated direct labor cost

	

$250,000

	

$130,000

	

$120,000




Actual manufacturing overhead

	

$720,000

	

$400,000

	

$320,000




Actual direct labor cost

	

$300,000

	

$160,000

	

$140,000

Based on this information, the predetermined overhead rate per direct labor dollar for Dept. B is $ 
. (Round your answer to 2 decimal places.)Correct answer: Correct Answer
Question
Field 1: 82.80},{Question: When a company assumes direct-labor hours is the only manufacturing overhead cost driver, they are likely to use a plantwide overhead rate.Correct answer: Correct Answer
Question

Each production department may have its own predetermined overhead rate.},{Question: When a company assumes direct-labor hours is the only manufacturing overhead cost driver, they are likely to use a plantwide overhead rate.Correct answer: Correct Answer
Question

a factor that causes overhead costs to occur},{Question: Compared to a plantwide overhead rate system, a multiple predetermined overhead rate system is 
Blank
______ accurate.Correct answer: Correct Answer
Question

a more accurate accounting of costs

enhanced information for decision making},{Question: A factor that causes overhead costs is called a 
Blank
______.Correct answer: Correct Answer
Question
Field 1: 1.35},{Question: A single predetermined overhead rate is called a(n) 
 overhead rate. (Enter only one word per blank.)Correct answer: Correct Answer
Question

$64.20},{Question: A cost driver is 
Blank
______.Correct answer: Correct Answer
Question

more complex and more},{Question: Compared to a plantwide overhead rate system, a multiple predetermined overhead rate system is 
Blank
______ accurate.Correct answer: Correct Answer
Question

more complex and more},{Question: Which of the following is only true in a multiple predetermined overhead rate system?Correct answer: Correct Answer
Question
Field 1: 82.80},
Answer: