Accounting MCQs

1590 MCQs  (Page 74 of 159)

Attempt Accounting MCQs Quiz
In normal costing, the manufacturing overhead allocated is also called _________?
A. Manufacturing overhead applied
B. Labor overhead applied
C. Cost overhead applied
D. Budget overhead applied
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An allocation approach, in which all the overhead entries are restated using actual cost rates in place of budgeted rates is called ___________?
A. Unadjusted budget rate approach
B. Adjusted allocation rate approach
C. Unadjusted allocation rate approach
D. Adjusted budget rate approach
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If an actual manufacturing overhead costs is $225000 and actual total quantity of cost allocation base is 2500 labor hours, then the overhead rate will be __________?
A. $60
B. $90
C. $80
D. $70
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In accounting system, a document which consists of all assigned cost for specific job is classified as __________?
A. Job cost record
B. Job cost sheet
C. Source document
D. Both a and b
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The costing and allocating situation, in which the indirect cost allocated amount is less than actually incurred amount is known as ___________?
A. Over allocated budget
B. Under allocated budget
C. Under allocated indirect cost
D. Over allocated direct cost
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The single or multiple units of distinct services or products are classified as _________?
A. Cost
B. Job
C. Post
D. Price
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An average unit cost, applicable to each similar produced unit is classified as __________?
A. Per unit cost
B. Per post cost
C. Per price cost
D. Application cost
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In normal costing, the situation in which the allocated amount of indirect cost is greater than the incurred cost, is considered as _____________?
A. Incurred indirect cost
B. Over allocated indirect cost
C. Applied indirect cost
D. Applied direct cost
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A group of individual indirect cost item is defined as ___________?
A. Direct pool
B. Cost pool
C. Indirect pool
D. Item pool
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The term which describes the assigning of indirect cost, to any cost object is classified as ___________?
A. Cost allocation
B. Sales tracing
C. Sales allocation
D. Cost tracing
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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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