WGU D101 PA REVIEW EXAM / 60 QUESTIONS, FORMULAES AND ANSWERS ALL CORRECT / 2023/2024 GRADED A+.

WGU D101 PA REVIEW EXAM / 60 QUESTIONS, FORMULAES AND ANSWERS ALL CORRECT / 2023/2024 GRADED A+. 1) Job order costing- When is it appropriate to use job order costing? The customer has to provide the specifications of the product or service. In order to use job order costing you must be able to separate and identify each job (product) being produced. Companies that cannot specifically identifying and separate each job they use processing costing. 2) Which figures are used in computing a predetermined overhead rate? Accounting for manufacturing cost is not the same process as accounting for direct materials and direct labor costs. Because manufacturing overhead costs generally do not coincide with the flow of production. The figures used in computing a predetermined overhead rate are forecasted or estimated overhead costs and forecasted or estimated activity level. Direct labor is an example of the expected level of activity. To compute a predetermined overhead rate. This rate is computed as budgeted overhead divided by budgeted activity measure. The result is the amount of overhead per hour (either direct labor hour or machine hour) that should be assigned to each product on which work is performed during that period. Note that the predetermined overhead rate is based on budgeted overhead, not actual overhead.