Job Costing

If an overhead cost of operating a machine is $500000 for 1000 hours, then the cost allocation rate will be ____________?

A. $1500 per machine hour
B. $250 per machine hour
C. $500 per machine hour
D. $1000 per machine hour

A. $4,730,000
B. $3,730,000
C. $2,730,000
D. $1,730,000

A. cost assignment
B. cost expectation
C. event assignment
D. probability assignment

A. unadjusted allocation rate approach
B. adjusted budget rate approach
C. unadjusted budget rate approach
D. adjusted allocation rate approach

A. actual manufacturing overhead rate
B. manufacturing overhead costs
C. overhead rate
D. direct rate

A. under applied indirect cost
B. under absorbed indirect cost
C. absorbed indirect cost
D. both a and b

A. 15.67 per piece
B. 16.67 per piece
C. 14.67 per piece
D. 13.67 per piece

A. costing method
B. selling method
C. material acquisition method
D. none of above

A. expected total direct labor cost
B. budgeted total direct labor cost
C. budgeted total indirect labor cost
D. expected labor hours

A. budgeted indirect labor cost rate
B. expected direct labor cost rate
C. budgeted direct labor cost rate
D. expected indirect labor cost rate