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AC 420 Unit 2 Seminar Quiz (Kaplan University)

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AC 420 Unit 2 Seminar Quiz (Kaplan University)

  1. Which of the following indicates an incorrect cost behavior?
  2. Which of the following indicates an incorrect cost classification?
  3. Wayside Machine Tool Company purchased a $600,000 welding machine to use in production of large machine tools and robots. The welding machine was expected to have a life of 10 years and a salvage value at time of disposition of $60,000. The company uses straight-line depreciation. During its first operating year, the machine produced 600 product units, of which 480 were sold. The expired portion of the machine cost is
  4. Davidson's Dolls had the following information in its Work in Process Inventory account for June 2013: 
    All workers are paid the same rate per hour. Factory overhead is applied to Work in Process Inventory on the basis of direct labor (DL) hours. What is the total predetermined OH rate per DL hour?
  5. Davidson's Dolls had the following information in its Work in Process Inventory account for June 2013: 
    If actual overhead for June is $121,500, what is the amount of underapplied or overapplied overhead?

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