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Description
Flashcards by Sophia Lynch, updated more than 1 year ago
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Created by Sophia Lynch
over 4 years ago
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| Question | Answer |
| What does CAB stand for? | Cost Allocation Base. |
| What does POAR stand for? | Predetermined Overhead Allocation Rate |
| How do you work out the POAR? | budget OH/budget CAB |
| How do you allocate the OH? MOH | POAR x AQ of CAB |
| What is the OH variance? | Difference between Actual Cost of OH & Applied/Allocated. |
| OH will most likely be what? | Over or under applied. |
| What does MOH stand for? | Manufacturing Overhead |
| How do you work out product cost? | Total Manufacturing Costs/Units Produced |
| What will the finished goods Inventory in the balance sheet = ? | Product Cost x Units Unsold |
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