Under- or Over-Applied Manufacturing Overhead

Instructions:

Choose an answer and hit 'next'. You will receive your score and answers at the end.

question 1 of 3

Which of the following is a batch of a product?

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1. Which of the following is an example of a manufacturing overhead cost?

2. There are two methods of reconciling over- or under-applied manufacturing overhead costs at year end. Identify one of the methods.

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About This Quiz & Worksheet

This quiz will ask you a series of questions about under- or over-applied overhead. The questions will determine how well you know the nuances of overhead costs, reconciling over- and under-applied overhead, and other topics.

Quiz & Worksheet Goals

Our self-assessment quiz will see how well you know:

  • Batch of a product
  • Manufacturing overhead costs
  • Year-end over- or under-applied manufacturing overhead cost reconciliation
  • Advantages of various methods of manufacturing overhead reconciliation

Skills Practiced

  • Reading comprehension - ensure that you draw the most important information from the related accounting lesson
  • Making connections - use understanding of the concept of over- or under-applied manufacturing overhead cost to make connections
  • Critical thinking - apply relevant concepts to examine information about year-end overhead manufacturing cost reconciliation in a different light
  • Information recall - access the knowledge you've gained regarding batch products
  • Problem solving - use acquired knowledge to solve a manufacturing cost practice problem

Additional Learning

If you would like to learn more about under- or over-applied overhead, manufacturing cost adjustments, batch production, or any other concept you had trouble with on this quiz, then you should check out the lesson titled Under- or Over-Applied Manufacturing Overhead. Our professional instructors put these concepts into real world scenarios to further your understanding of the subject. By the end of the chapter you'll be able to:

  • Calculate proper overhead cost allocation
  • Explain how a company can determine the exact cost of a product and avoid unnecessary transactions
  • Analyze two methods of over-applied and under-applied overhead cost reconciliation
  • Calculate accurate manufacturing overhead costs to ensure proper cost application
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