Predetermined Overhead Rate: Formula & Example


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Which of the following is an example of an overhead cost?

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1. This term is used to describe factors that are measured when completing a process such as labor hours, materials used, machine hours, or energy use.

2. How do you compute the predetermined overhead rate?

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About This Quiz & Worksheet

Information necessary to calculating predetermined overhead rates is reviewed by this quiz. You will also need to provide solutions to problems that involve predetermined overhead rates in order to prove you understand this topic.

Quiz & Worksheet Goals

This quiz and worksheet provide you with the chance to show that you know how to:

  • Identify overhead costs
  • Describe how the predetermined overhead rate is computed
  • Provide an overhead cost estimate

Skills Practiced

You should expect to improve the following skills related to studying as you take the quiz:

  • Reading comprehension - ensure that you draw the most important information from the related lesson on predetermined overhead rates
  • Interpreting information - verify that you can read information regarding factors that are measured during the completion of a process and identify the term used to describe them
  • Problem solving - use acquired knowledge to solve a predetermined allocation rate practice problem

Additional Learning

You can count on the lesson associated with this quiz, entitled Predetermined Overhead Rate: Formula & Example, to teach you more about this subject. The lesson includes information that covers these subjects:

  • Types of cost
  • Why the concept of overhead costs is important
  • Each step in calculating the predetermined overhead rate