Accounting MCQs

1590 MCQs  (Page 70 of 159)

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The step by step business functions, in which product or services must have customer usefulness, is classified as ___________?
A. Value chain
B. Useful chain
C. Product chain
D. Services chain
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The function of management accountant, who works as business partner comes under the category of ____________?
A. Asset function
B. Investment function
C. Line function
D. Staff function
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The purpose of management accounting is to ___________?
A. Past orientation
B. Help banks make decisions
C. Help managers make decisions
D. Help investors make decision
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An accounting approach, in which the expected benefits exceed the expected cost is classified as ___________?
A. Benefit approach
B. Cost approach
C. Cost-benefit approach
D. Accounting approach
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The situation in which the cost object has any job, customer or product is known as _________?
A. Cost application base
B. Sale application base
C. Price application base
D. Direct application base
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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 __________?
A. $1,775,000
B. $1,675,000
C. $1,875,000
D. $1,975,000
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In normal costing, the budgeted rate is multiplied to an actual quantity, which have been used as the allocation base to calculate ___________?
A. Budget overhead applied
B. Manufacturing overhead applied
C. Labor overhead applied
D. None of above
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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 __________?
A. 69.72%
B. 79.72%
C. 99.75%
D. 89.72%
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In a normal accounting period, the allocated amount of indirect cost is $2000 and the actual amount is $2200, it classified as __________?
A. Over allocated budget
B. Under allocated budget
C. Under allocated indirect cost
D. Over allocated direct cost
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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 __________?
A. $168,750
B. $148,570
C. $186,750
D. $125,680
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Word of the Day
17 Jul
Flagrant
(of an action considered wrong or immoral) conspicuously or obviously offensive.
انتہائی برا، قابل مذمت، فاش

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