E-PolyLearning

Discussion Forum

Que. An under allocated indirect cost is also called
a. under applied indirect cost
b. under absorbed indirect cost
c. absorbed indirect cost
d. both a and b
Correct Answer:both a and b
Confused About the Answer? Ask fellow aspirants for Details Here
Already Know Explanation? Add it Here to help others.

More Questions Like this:

The broad's average use to assign the cost of revenue to cost objects will be classified as
In normal costing, the budgeted rate is multiplied to an actual quantity, which have been used as the allocation base to calculate
According to net present value, the projects that would be acceptable must have a
If the nominal rate is 26% and the inflation rate is 12%, then the real rate can be
The second step in processing costing system is to
If an actual indirect cost incur is $35000 and the indirect cost allocated is $43000, then the under allocated indirect cost will be
The types of spoilage include
The budgeted total cost in indirect cost pool, is divided by budgeted total quantity of the cost allocation base, is calculated by
The costs of goods acquired from suppliers are classified as
In the activity based costing method implementation, an output unit level costs are classified as
In normal costing, the situation in which the allocated amount of indirect cost is greater than the incurred cost, is considered as
In an activity based cost system; an activity/unit of work or task with differentiated purposes will be classified as
An average inventory in units is multiplied with annual relevant carrying cost of each unit to calculate
An allocation approach, in which all the overhead entries are restated using actual cost rates in place of budgeted rates is called
The number of purchase orders for each year is multiplied to relevant ordering cost for each purchase order to calculate
If the beginning work in process equivalent units are 2500 units, work done in current period equivalent units are 3800 units and units completed in current period are 4000, then ending work in process equivalent units will be
The spread of over allocated overhead and under allocated overhead among work in process, finished goods and goods sold cost is classified as
The budgeted annual indirect costs are divided to budgeted annual quantity of cost allocation base, to calculate
The type of costs that cannot be traced for individual products but help in supporting an organization are classified as
In a normal accounting period, an allocated amount of indirect cost is $700 and an actual amount is $800, then this can be classified as

View All Questions on: Costing Methods

Management and Accounting

Human Resource Management Marketing and Marketing Management Financial Management and Financial Markets Cost Accounting Business Statistics