Estimated Costs for Activity Cost Pools and Other Items Are

question 143

Multiple Choice

Estimated costs for activity cost pools and other items are as follows: Machining $800,000
Assembling 200,000
Advertising 450,000
Inspecting and testing 175,000
Total estimated overhead is

• A)$1,000,000.
• B)$1,175,000.
• C)$1,450,000.
• D)$1,625,000.

Understand the concepts and calculations related to standard cost systems.

Analyze and compute direct materials variances, including price and quantity variances.

Analyze and compute direct labor variances, including rate and efficiency variances.

Identify and calculate variable manufacturing overhead variances, including rate and efficiency variances.

---

Definitions:

Puritan Authorities

The leaders and officials within Puritan communities, especially in the 17th century, who enforced strict religious and social codes of conduct.

Massachusetts Bay Colony

A 17th-century British settlement in New England that became one of the early centers of the colony's government, trade, and religion.

Puritan Migrations

This term refers to the movement of English Puritans to North America, particularly to the Massachusetts Bay Colony, in the early 17th century to escape religious persecution.

Connecticut Valley

A major valley in the U.S. known for its fertile land, running through Connecticut and Massachusetts.