A Predetermined Overhead Rate Is Calculated Using Which Formula

question 76

Multiple Choice

A predetermined overhead rate is calculated using which formula?

• A)Actual manufacturing overhead cost/estimated units in the allocation base
• B)Estimated units in the allocation base/estimated manufacturing overhead cost
• C)Estimated manufacturing overhead cost/actual units in the allocation base
• D)Estimated manufacturing overhead cost/estimated units in the allocation base

Learn to define and use different types of variables (assumption, decision, and forecast) in Crystal Ball.

Gain proficiency in setting up and running simulations using Crystal Ball.

Learn to use data tables for Monte Carlo simulations in Excel.

Understand the differences and uses of Monte Carlo and Latin Hypercube sampling.

---

Definitions:

Sales

The transactions involving the exchange of goods or services for money, considered the primary revenue source for a business.

Year 2

Refers to the second year of a specified time frame, operation, or financial reporting period.

Return on Investment (ROI)

A measure of the profitability of an investment, calculated as the net profit of the investment divided by the initial cost.

Last Year's

Refers to the previous calendar or fiscal year relative to the current one.