Q. An allocation approach, in which all the overhead entries are restated using actual cost rates in place of budgeted rates is called

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Q. If the budgeted cost in indirect cost pool is $144500 and total quantity of cost allocation base is $165500, then the budgeted indirect cost rate will be

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Q. The procedure of assigning the direct cost to any cost abject is classified as

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Q. If an actual indirect cost incurred is $25000 and the indirect cost allocated is $23000, then the over allocated indirect cost would be

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Q. In an accounting system, the document which supports journal entries is classified as

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Q. If the budgeted indirect cost arte is $115 and the budgeted cost allocation base is $830 per hour, then the annual indirect cost (budgeted) will be

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Q. If the budgeted annual manufacturing indirect cost is $2250000 and the cost allocation base is 2800 labor hour, then budgeted manufacturing overhead rate will be

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Q. In a normal accounting period, the allocated amount of indirect cost is $2000 and the actual amount is $2200, it classified as

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Q. The spread of over allocated overhead and under allocated overhead among work in process, finished goods and goods sold cost is classified as

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Q. If the budgeted indirect cost is $225 and the budgeted cost allocation base is $750 per hour, then the annual indirect cost (budgeted) would be

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Q. If the budgeted cost in indirect cost pool is $139600 and total quantity of cost allocation base is $155600, then the budgeted indirect cost rate would be

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Q. Total cost of producing similar products divided by number of units produced is a technique known as

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Q. In normal costing, the budgeted rate is multiplied to an actual quantity, which have been used as the allocation base to calculate

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Q. The budgeted annual indirect costs are divided to budgeted annual quantity of cost allocation base, to calculate

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Q. The situation in which the cost object has any job, customer or product is known as

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Q. If an allocated indirect cost is $1500 and the actual incurred indirect cost is $1200, then this is classified as

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Q. If the budgeted direct labor hours are 3550 and direct labor cost rate is $500 per labor hour, then total direct labor cost would be

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Q. The cost of previous department is a part of

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Q. The total costs incur in a production process, is divided by total number of output units, to calculate the

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Q. If the beginning work in process equivalent units are 2500 units, work done in current period equivalent units are 3800 units and ending work in process equivalent units are 5000, then complete equivalent units in current period are

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