Accounting Questions I need help with:?

Accounting Questions I need help with:?

1 Predetermined overhead rates are established for overhead costs in a normal costing system by: acalculating overhead costs for the prior year and dividing by actual units produced in the prior year. bdividing the overhead that a company anticipates for the current year by the amount of the activity base the company expects for the year. cdividing the overhead that a company anticipates for the current year by the number of units the company actually produced in the prior year. ddividing the overhead the company incurred for the current year by the amount of the activity base the company expects for the year. 2 A firms Dept 3G showed transferred costs of 500 and conversions costs of 750. Costs transferred out of that department to the next in the process Dept 3H totaled 1250. They started the period with no WIP. We can therefore know that: ano materials are added in Dept 3G. ball items worked on were completed during the period. cthere is missing information from this report. dthere is no WIP at the end of this period. eAll of the above expect for c are correct. 3 Direct materials cost is 3.00 per unit direct labor is 4.50 per unit. Variable overhead is 1.50 per unit fixed overhead is 2.00 per unit. Secretarial salaries are 7.00 per unit and advertising amounts to 4.00 per unit. What is the total manufacturing cost per unit? a9.00 b11.00 c22.00 d19.00 4 You are told that Dept. 17 of a desk manufacturing firm transferred out 120000 equivalent units and has 30000 equivalent units in WIP at the end of the period. If the units in WIP are deemed to be 60 completed and the cost per equivalent unit is 560 what is the amount of ending WIP inventory in Dept. 17? a 10080000 b 16800000 c 67200000 dCan be calculated from this information but is some other amount. eCannot be calculated from this information given. 5 Sarah Brown has been assigned the task of determining the overhead rate for the next manufacturing period. Before she can accomplish this assignment she will need to know athe relevant activity base used in this department. bthe estimated total manufacturing overhead costs for the coming period. cthe activity level predicted for the coming period. dboth a and c above. eAll of the above.

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