Accounting MCQs

1590 MCQs  (Page 72 of 159)

The manufacturing overhead cost allocated to individual jobs is classified as ___________?
A. Manufacturing overhead allocated
B. Cost overhead applied
C. Manufacturing overhead applied
D. Both a and c
If an overhead cost of operating a machine is $500000 for 1000 hours, then the cost allocation rate will be ____________?
A. $1500 per machine hour
B. $250 per machine hour
C. $500 per machine hour
D. $1000 per machine hour
The process of assigning the direct or indirect cost to any cost object is known as ____________?
A. Cost assignment
B. Cost expectation
C. Event assignment
D. Probability assignment
An approach which yields the benefits of normal costing and the actual manufacturing overhead is classified as ____________?
A. Unadjusted allocation rate approach
B. Adjusted budget rate approach
C. Unadjusted budget rate approach
D. Adjusted allocation rate approach
An under allocated indirect cost is also called ____________?
A. Under applied indirect cost
B. Under absorbed indirect cost
C. Absorbed indirect cost
D. Both a and b
The total indirect cost in the pool by an actual quantity of cost allocation base, is used to calculate ____________?
A. Actual manufacturing overhead rate
B. Manufacturing overhead costs
C. Overhead rate
D. Direct rate