Which of the following charac.cnsl.es docs not usually apply to process manufact

Question

Which of the following charac.cnsl.es docs not usually apply to process manufacturing sysicms? A. Each unit of product >> separately identifiable. Partially completed pr.x1.Kts arc transferred between processes. Different managers arc responsible for different processes. The output of all processes except the final process an input to Ac next process. a company that applies process costing is most frequently characterised by: A. Low standardization and high production volume. Custom orders and homogeneous products, f Repetitive production and heterogeneous products. Repetitive production and low production volume. Homogeneous product and high production volume. Direct material costs are recorded: Indirectly to Goods in Process account. Indirectly to a Finished Goods account. Directly to a Goods in Process account. IX Directly to a Finished Goods account. Directly to a Cost of Goods Sold account.

Explanation / Answer

16.

Predetermined overhead rate = Estimated manufacturing overhead/Estimated Direct labor hours

= $1,500,000/200,000

= $7.5

Therefore, option B is correct.

17.

Overheads applied to jobs exceed the actual overhead incurred; the difference is called Overapplied overhead.

Therefore, option E is correct.

Note: please post the remaining question seperately.

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