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c253 formulas exam questions and answers 2025(graded A+).
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c253 formulas exam questions and answers 2025(graded A+).
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c253 formulas exam questionsand answers 2025(graded A+)
job order cost - answer direct materials used + direct labor +
applied manufacturing overhead
Pre-determined manufacturing overhead rate - answer estimated
manufacturing overhead cost / estimated units of allocation base
applied manufacturing overhead - answer actual units of allocation
base x predetermined manufacturing overhead
Under/Over Applied Manufacturing Overhead - answer actual
manufacturing overhead - applied manufacturing overhead
Cost of Goods Manufactured - answer direct materials used +
direct labor + applied manufacturing overhead + beginning WIP
inventory - ending WIP inventory
Unadjusted cost of goods sold - answer beginning finished goods
inventory + cost of goods manufactured - ending finished goods
inventory
Adjusted cost of goods sold - answer beginning finished goods
inventory + cost of goods manufactured - ending finished goods
inventory +/- under/over applied manufacturing overhead
direct materials used - answer Beginning Raw Materials +
Purchases of raw materials - Ending Raw Materials
, equivalent units of production - answer The units transferred to
the next department (or to finished goods) during the period plus
the equivalent units in the department's ending work in process
inventory.
weighted average units completed and transferred - answer
beginning WIP + units started - ending WIP
FIFO units started and completed - answer units started - ending
WIP
cost of beginning WIP inventory plus costs added to production
during the period = - answer cost of ending WIP inventory plus
cost of units completed and transferred out
difference in operating income - answer ending inventory x fixed
MOH/unit
variable costing period costs - answer variable selling & admin
expense plus fixed manufacturing overhead plus fixed selling and
admin expense
Contribution Margin - answer Sales - Variable Expenses
Contribution Margin Ratio - answer Contribution Margin / Sales
unit sales to break even - answer Fixed Expenses / Unit CM
Dollar sales to break even - answer Fixed Expenses / CM Ratio
unit sales to attain target profit - answer (Target Profit + Fixed
Expenses) / Unit CM
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