Which of the following is true concerning cost drivers for the predetermined overhead rate in a process-costing system?
a. If direct labor hours is the cost driver, direct labor and manufacturing overhead may be combined into the single element of conversion cost.
b. Predetermined overhead rates are not used in a process-costing system.
c. If direct labor cost is the cost driver, direct labor and manufacturing overhead may be combined into the single element of conversion cost. d. If direct material cost is the cost driver, direct labor and direct materials may be combined into the single element of prime cost.
e. Cost drivers are irrelevant in process-costing systems.
Answers (1)
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “Which of the following is true concerning cost drivers for the predetermined overhead rate in a process-costing system? a. If direct labor ...” in 📗 Business if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Search for Other Answers
You Might be Interested in
Identical products, as well as a large number of buyers and sellers, are characteristics of a perfectly competitive market.
Answers (1)
The marginal rate of substitution a. varies along an indifference curve if the curve is bowed inward. b. is constant along an indifference curve if the curve is a straight line. c.
Answers (1)
Quantitative Problem 2: Mitchell Manufacturing Company has $1,900,000,000 in sales and $390,000,000 in fixed assets. Currently, the company's fixed assets are operating at 75% of capacity.
Answers (1)
Gelb Company currently manufactures 54,000 units per year of a key component for its manufacturing process. Variable costs are $4.
Answers (1)
The principal purpose of a statement of cash flows is to measure the profitability of a business that maintains its accounting records on the cash basis. True or False True False
Answers (2)
New Questions in Business
When should you use capitalization? A. For all nouns in a sentence B. At the end of a sentence and in the footer C. At the beginning of a sentence and for proper nouns D. For verbs and nouns in a sentence
Answers (2)
A child in a child passenger restraint system (car seat) should.
Answers (1)
Compare items that are exempt and nonexempt from Chapter 7 fillings. (does A B C or D go with 1 or 2) (each letter must go with one) (1) Exempt (2) Nonexempt (A) second car (B) pension (C) household appliances (D) family heirlooms
Answers (1)
A structure within which executives, managers, specialists, and workers are broken out is commonly known as what type of structure?
Answers (1)
What way of calculating ROI makes it easiest to compare investments?
Answers (1)