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18 Cards in this Set
- Front
- Back
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(budgeted annual overhead)/(budgeted annual driver level)
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predetermined overhead rate
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normal costing system
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a cost system that uses predetermined overhead rates and actual costs for direct materials and direct labor
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unit-level drivers
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factors that measure the demands placed on unit-level activities by products
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applied overhead
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the total overhead assigned to actual production at any point in time
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overhead rate X actual driver usage
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applied overhead
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overhead variance
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the difference between actual overhead and applied overhead
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underapplied overhead
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if actual OH is greater than applied OH
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overapplied oerhead
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if applied OH is greater than actual OH
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1. proportion of nonunit-related OH costs to total OH costs is large
2. great degree of product diversity |
two factors that can impair the ability of the unit-based plant-wide and departmental rates to assign OH costs accurately
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primary activity
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an activity that is consumed by a final cost object such as a product or customer
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secondary activity
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an activity that is consumed by intermediate cost objects
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budgeted activity costs / estimated activity output
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primary activity rates
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unit-level activities
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activities that are performed each time a unit is produced
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batch-level activities
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activities that are performed each time a batch of products is produced
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product-level (sustaining) activities
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activities performed that enable the various products of a company to be produced
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facility-level activities
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activities that sustain a factory's general manufacturing processes
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ABC database
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the collected data sets that are organized and interrelated for use by an organization's activity-based costing information system
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data set
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a grouping of logically related data
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