Accounting MCQs — Test 24
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Question 1
The step by step business functions, in which product or services must have customer usefulness, is classified as ___________?
Question 2
The function of management accountant, who works as business partner comes under the category of ____________?
Question 3
The purpose of management accounting is to ___________?
Question 4
An accounting approach, in which the expected benefits exceed the expected cost is classified as ___________?
Question 5
The situation in which the cost object has any job, customer or product is known as _________?
Question 6
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 __________?
Question 7
In normal costing, the budgeted rate is multiplied to an actual quantity, which have been used as the allocation base to calculate ___________?
Question 8
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 __________?
Question 9
In a normal accounting period, the allocated amount of indirect cost is $2000 and the actual amount is $2200, it classified as __________?
Question 10
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 __________?