A predetermined overhead rate is calculated using which formula. Actual manufact

Question

A predetermined overhead rate is calculated using which formula. Actual manufacturing overhead cost/estimated units in the allocation base Estimated units in the allocation base/estimated manufacturing overhead cost Estimated manufacturing overhead cost/actual units in the allocation base Estimated manufacturing overhead cost/estimated units in the allocation base Which of the following represents the cost of materials purchased but not yet issued to production? Raw materials inventory Work in process inventory Finished goods inventory Cost of goods sold Which of the following represents the accumulated costs of jobs as yet incomplete? Raw materials inventory Work in process inventory Finished goods inventory Cost of goods sold Which of the following represents the cost of jobs completed but not yet sold? Raw materials inventory Work in process inventory Finished goods inventory Cost of goods sold

Explanation / Answer

Calculation of Predetermined overhead rate:

Formula :

Predetermined overhead rate = Estimated manufacturing overhead cost / Estimated units in allocation base

Hence correct answer is :

C. Estimated manufacturing overhead cost / Estimated units in allocation base

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