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Bundle for Cost and Managerial Accounting WGU C250 exams compilation | everything you need
Bundle for Cost and Managerial Accounting WGU C250 exams compilation | everything you need
[Show more]Bundle for Cost and Managerial Accounting WGU C250 exams compilation | everything you need
[Show more]Predetermined Overhead Rate (POR) - estimated overhead costs / estimated activity base 
Overhead Applied - POR X Actual Amount of the Activity Base for the Period 
Direct Materials - Raw Materials Inventory, Beginning (Bi) 
+ Raw Material Purchases 
= Raw Materials Available 
- Raw Materials Invento...
Preview 2 out of 5 pages
Add to cartPredetermined Overhead Rate (POR) - estimated overhead costs / estimated activity base 
Overhead Applied - POR X Actual Amount of the Activity Base for the Period 
Direct Materials - Raw Materials Inventory, Beginning (Bi) 
+ Raw Material Purchases 
= Raw Materials Available 
- Raw Materials Invento...
Conversion Costs Calc - DL + MOH (converts DM to finished product) 
Period Costs Calc - Selling Expenses + Administrative Expenses 
Conversion Costs Calc - DL + MOH 
Prime Cost Calc - DM + DL 
Mixed Cost Equation - Y = a + bX 
Y= total mixed Costs 
a= total fixed costs 
b= variable costs per unit 
X...
Preview 1 out of 2 pages
Add to cartConversion Costs Calc - DL + MOH (converts DM to finished product) 
Period Costs Calc - Selling Expenses + Administrative Expenses 
Conversion Costs Calc - DL + MOH 
Prime Cost Calc - DM + DL 
Mixed Cost Equation - Y = a + bX 
Y= total mixed Costs 
a= total fixed costs 
b= variable costs per unit 
X...
Predetermined Overhead Rate - estimated overhead costs / estimated activity base 
Overhead Applied - Predetermined Overhead Rate * Actual Amount of Activity Base for period 
Direct Materials Used in Production - beginning raw materials inventory + purchases of raw materials 
- ending raw materials i...
Preview 1 out of 3 pages
Add to cartPredetermined Overhead Rate - estimated overhead costs / estimated activity base 
Overhead Applied - Predetermined Overhead Rate * Actual Amount of Activity Base for period 
Direct Materials Used in Production - beginning raw materials inventory + purchases of raw materials 
- ending raw materials i...
Conversion cost = - Direct labor + Manufacturing overhead 
Predetermined Overhead rate (POR) = - Estimated total manufacturing overhead cost/Estimated 
total amount of allocation base (Usually hours) 
Overhead applied directly to a job = - (POR) * amount of allocation base applied to job 
Total manu...
Preview 2 out of 5 pages
Add to cartConversion cost = - Direct labor + Manufacturing overhead 
Predetermined Overhead rate (POR) = - Estimated total manufacturing overhead cost/Estimated 
total amount of allocation base (Usually hours) 
Overhead applied directly to a job = - (POR) * amount of allocation base applied to job 
Total manu...
Conversion cost = - Direct labor + Manufacturing overhead 
Predetermined Overhead rate (POR) = - Estimated total manufacturing overhead cost/Estimated 
total amount of allocation base (Usually hours) 
Overhead applied directly to a job = - (POR) * amount of allocation base applied to job 
Total manu...
Preview 2 out of 5 pages
Add to cartConversion cost = - Direct labor + Manufacturing overhead 
Predetermined Overhead rate (POR) = - Estimated total manufacturing overhead cost/Estimated 
total amount of allocation base (Usually hours) 
Overhead applied directly to a job = - (POR) * amount of allocation base applied to job 
Total manu...
direct cost - a cost that can be easily and conveniently traced to a specific cost object 
indirect cost - a cost that cannot be easily and conveniently traced to a specific cost object 
common cost - a indirect cost that is incurred to support a number of cost objects but cannot be 
traced to them ...
Preview 2 out of 5 pages
Add to cartdirect cost - a cost that can be easily and conveniently traced to a specific cost object 
indirect cost - a cost that cannot be easily and conveniently traced to a specific cost object 
common cost - a indirect cost that is incurred to support a number of cost objects but cannot be 
traced to them ...
Business Process - A series of steps that are followed in order to carry out some task in a business. 
(Pg. 14) 
Corporate Social Responsibility - A concept whereby organizations consider the needs of all 
stakeholders when making decisions. (Pg. 14) 
Decision Making - Selecting a course of action f...
Preview 3 out of 18 pages
Add to cartBusiness Process - A series of steps that are followed in order to carry out some task in a business. 
(Pg. 14) 
Corporate Social Responsibility - A concept whereby organizations consider the needs of all 
stakeholders when making decisions. (Pg. 14) 
Decision Making - Selecting a course of action f...
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