# ACCT 344 Week 3 Homework plus Quiz………………….(ACCT 344 Cost Accounting – DeVry)

ACCT 344 Week 3 Homework1. Question: Alliance Company manufactures two products (brushes and combs). The overhead costs have been divided into four cost pools that use the following activity driversâ¦â¦â¦â¦â¦â¦â¦..a. Compute the allocation rates for each of the activity drivers listed.b. Allocate the overhead costs to Products S and T using activity-based costingc. Compute the overhead rate using machine hours under the functional-based costing system.d. Allocate the overhead costs to Products S and T using the functional-based costing system overhead rate calculated in part (c).2. Question:Complete Exercise 4.10 located on page 182 & 183 in the textbook.ACCT 344Week 3 Quiz1. Question: (TCO 8) A predetermined overhead rate is calculated using which formula?2. Question: (TCO 8) All of the following are unit-based activity drivers EXCEPT3. Question: (TCO 8) A department that is capital intensive most likely would use a predetermined departmental overhead rate based on which activity base?4. Question: (TCO 8) Star Inc. uses a job-order costing system to account for product costs. The following information was provided for the current year. Materials placed in production \$160,000 Indirect labor \$50,000 Direct labor (10,000 hours) \$180,000 Depreciation of factory building \$80,000 Other factory overhead \$130,000 Increase in work-in-process inventory \$45,000 Factory overhead rate per direct labor hour \$25 Which is the amount of under- or overapplied overhead for Star Inc.?5. Question: (TCO 8) Acme Company manufactures two products (anvils and barrels). Overhead costs (\$84,000) have been divided into three cost pools, which use the following activity driversâ¦â¦.6. Question: (TCO 8) Which is NOT a limitation of a plantwide overhead rate?7. Question: (TCO 8) The resources consumed by the activity in producing its output are called8. Question: (TCO 8) Which is NOT part of the cost dimension of the activity-based management model?9. Question: (TCO 8) Which is an example of a non-value-added manufacturing activity?10. Question: (TCO 8) The process that involves choosing among various sets of activities that are caused by competing strategies is called……
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