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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Q. A unit cost calculated in costing system, by assigning total costs incurred to many similar units is categorized as

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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 units completed in current period are 4000, then ending work in process equivalent units will be

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Q. The first step in process costing system is to

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Q. The costs that are incurred in last department, where the product has been processed and will be carried to next department for further processing are called

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Q. In process costing method, when the work done in current accounting period, and beginning inventory before current accounting period, is classified as

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Q. The fifth step in process costing system is to

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Q. The forth step in process costing system is to

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Q. The costing method, which calculates per equivalent unit cost of all the production related work done, till calculated date is termed as

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