In process costing, costs are accounted for by

After allocation, total overhead in producing department is divided by the budgeted measure of activity to get the __________ overhead rate.

Alliance Manufacturing Company has two support departments, Maintenance Department and Personnel Department, and two producing departments, X and Y. The Maintenance Department costs of $90,000 are allocated on the basis of standard service hours used. The Personnel Department costs of $13,500 are allocated on the basis of number of employees. The direct costs of Departments X and Y are $27,000 and $45,000, respectively. Data on standard service hours and number of employees are as follows:     Maint. Person. Dept. Dept.   Dept. Dept. X Y Standard service hours used 200 150 1,200 600 Number of employees  25  50    75  75 Direct labor hours 250 250 1,000 500 ​ Predetermined overhead rates for Departments X and Y, respectively, are based on direct labor hours. What is the overhead rate for Department Y assuming the direct method is used?

In operation costing, the process which produces batches of different products which are identical in many ways but differ in others is called __________ process

Account balances from the Boilermakers Company are as follows: ​ Manufacturing Overhead $240,000 underapplied Work in Process  100,000 Finished Goods  300,000 Cost of Goods Sold  800,000 ​ If underapplied or overapplied overhead is material and is allocated to Work in Process, Finished Goods, and Cost of Goods Sold (based on ending account balances), Cost of Goods Sold after adjustment would have a balance of

_________ analysis focuses on how costs react to changes in activity levels.

_________ are those acquired from outside sources where the terms of acquisition do not require any long-term commitments.

As production occurs, materials, direct labor, and applied manufacturing overhead are recorded in

Finding a strong statistical association between an activity cost and an activity driver can provide evidence to managers about the correctness of a driver selection.

Activity-based use of resources can improve both managerial control and decision making because it encourages managers to pay more attention to controlling resource usage and spending.