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11) Refined costing systems can be used to allocate any

Question : 11) Refined costing systems can be used to allocate any : 1876940

11) Refined costing systems can be used to allocate any indirect costs to any cost objects.

12) Merchandising and service companies, as well as governmental agencies, can use refined cost allocation systems to provide their managers with better cost information.

13) A plantwide overhead rate is calculated by dividing the estimated total manufacturing overhead costs for the year by estimated total amount of the allocation base for the year.

14) A plantwide overhead rate is calculated by multiplying the estimated total manufacturing overhead costs for the year by estimated total amount of the allocation base for the year.

15) If a company's plantwide overhead rate is allocated based on direct labor hours, then each job will be allocated manufacturing overhead based on the total direct labor hours incurred on the job, regardless of the manufacturing department in which those hours were incurred.

16) One condition that favors using a departmental overhead rate, rather than plantwide overhead rates, is that different departments incur different amounts and types of manufacturing overhead.

17) One condition that favors using plantwide overhead rates, rather than departmental overhead rates, is that different jobs or products use the departments to a different extent.

18) The estimated total manufacturing overhead costs that will be incurred in each department in the coming year are often referred to as activity cost pools.

19) A departmental overhead rate is calculated by dividing the total estimated departmental overhead cost pool by the estimated total amount of the department's cost allocation base.

20) The plantwide overhead cost allocation rate is computed by dividing the estimated total manufacturing overhead costs of the department by the estimated total quantity of the department's cost allocation base.

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