Accounting MCQs — Test 25
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Question 1
If the budgeted annual indirect cost is $60000, budgeted annual quantity of cost allocation base is $3600, then budgeted indirect cost rate will be __________?
Question 2
A document which contains information about the materials of specific product, in specific department comes under __________?
Question 3
The budgeted total direct labor cost is divided with budgeted total direct labor, to calculate ___________?
Question 4
The budgeted direct labor hours are multiplied to direct labor cost rate, to calculate ____________?
Question 5
The budgeted annual indirect costs are divided to budgeted annual quantity of cost allocation base, to calculate ___________?
Question 6
If an allocated indirect cost is $1500 and the actual incurred indirect cost is $1200, then this is classified as __________?
Question 7
Total cost of producing similar products divided by number of units produced is a technique known as ____________?
Question 8
The spread of over allocated overhead and under allocated overhead among work in process, finished goods and goods sold cost is classified as __________?
Question 9
If an actual indirect cost incurred is $25000 and the indirect cost allocated is $23000, then the over allocated indirect cost would be ________?
Question 10
In an accounting system, the document which supports journal entries is classified as _____________?