Interact with the Community - Share Your Thoughts
Uncertain About the Answer? Seek Clarification Here.
Understand the Explanation? Include it Here.
Q. An under allocated indirect cost is also called
Explore Relevant Multiple Choice Questions (MCQs)
Q. In normal costing, the situation in which the allocated amount of indirect cost is greater than the incurred cost, is considered as
Q. A group of individual indirect cost item is defined as
Q. The total indirect cost in the pool by an actual quantity of cost allocation base, is used to calculate
Q. An approach which yields the benefits of normal costing and the actual manufacturing overhead is classified as
Q. The process of assigning the direct or indirect cost to any cost object is known as
Q. An average unit cost, applicable to each similar produced unit is classified as
Q. If the budgeted direct labor hours are 4550 and direct labor cost rate is $600 per labor hour then, total direct labor cost would be
Q. If an overhead cost of operating a machine is $500000 for 1000 hours, then the cost allocation rate will be
Q. The single or multiple units of distinct services or products are classified as
Q. A document which consists information about labor time usage, for specific job in a specific department, is known as
Q. If the budgeted total direct labor hours are 3800 and budgeted direct labor cost is $480000, then the budgeted direct labor cost rate will be
Q. If the budgeted total direct labor hours are 5500 and budgeted direct labor cost is $755000, then the budgeted direct labor cost rate is
Q. In accounting system, a document which consists of all assigned cost for specific job is classified as
Q. The manufacturing overhead cost allocated to individual jobs is classified as
Q. If the budgeted annual indirect cost is $85000 and budgeted annual quantity of cost allocation base is $7500, then budgeted indirect cost rate would be
Q. The costing and allocating situation, in which the indirect cost allocated amount is less than actually incurred amount is known as
Q. The systematic way of linking group of indirect cost to a cost object is classified as
Q. 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
Q. If an actual indirect cost incur is $35000 and the indirect cost allocated is $43000, then the under allocated indirect cost will be
Q. If an actual manufacturing overhead costs is $225000 and actual total quantity of cost allocation base is 2500 labor hours, then the overhead rate will be
Are you eager to expand your knowledge beyond Cost Accounting? We've handpicked a range of related categories that you might find intriguing.
Click on the categories below to discover a wealth of MCQs and enrich your understanding of various subjects. Happy exploring!
Explore the dynamic world of Textile Engineering with our specialized category. Delve...
Drug and Pharmaceutical Biotechnology
Navigate the world of pharmaceuticals and biotechnology with our dedicated category....
Unlock the potential of Genetic Engineering with our dedicated category. Explore gene...
Hone your language and communication skills with our Verbal Ability category. Enhance...
Embark on a journey through the world of railway systems with our Railway Engineering...