Q. The method, which allocates cost of support department for operating departments by recognizing all the mutual services provided is classified as

View solution

Q. The package which consists of two or more products to be sold for single price, but components of products in package have separate stand-alone price is called

View solution

Q. The method, which allocates the cost of support department, to operating and support departments is known as

View solution

Q. The approaches to allocate costs of support department do not include

View solution

Q. In incremental cost allocation method, the cost object user who is ranked second in ranking order is known as

View solution

Q. The second ranked product in incremental revenue allocation method is termed as

View solution

Q. The methods used to allocate costs of reciprocal support departments include

View solution

Q. The method which allocates the cost of support department to only operating departments is called

View solution

Q. The process in which earned revenue is related to specific revenue object, which can cannot trace it in cost effective way is known as

View solution

Q. Considering dual rate method, if employees work for 8500 budgeted hours at $120 per hour, and work for 9500 actual hours at $110 per hour, then the total cost would be

View solution

Q. The method which determines weights of cost allocation by considering cost of each user, as separate entity is known as

View solution

Q. The cost allocation base used by an operating manager is classified as

View solution

Q. The difference between actual variable overhead cost and flexible budget variable overhead amount is termed as

View solution

Q. The costing technique, which traces direct costs by multiplying price rate for producing actual outputs is known as

View solution

Q. An energy, machine maintenance, indirect materials and engineering support are considered as

View solution

Q. The budget, which highlights the difference between actual quantity and budgeted quantity is termed as

View solution

Q. A company must eliminate all those activities that do not add value to all the products or services in planning of

View solution

Q. If the flexible budget amount is $40000 and variable overhead flexible budget variance is $25000, then actual costs incur will be

View solution

Q. The flexible budget amount is added in to variable overhead flexible budget variance to calculate

View solution

Q. In the standard costing, the standard quantity allocation is multiplied to standard overhead rates for allocating

View solution