Accounting Medium The spread of over allocated overhead and under allocated overhead among work in process, finished goods and goods sold cost is classified as __________? A proration approach ✓ B appreciation approach ✓ C depreciation approach ✓ D adjusted approach ✓ AK Ali Khan 4 months ago
Accounting Medium Total cost of producing similar products divided by number of units produced is a technique known as ____________? A sale costing system ✓ B job costing system ✓ C price costing system ✓ D process costing system ✓ AK Ali Khan 4 months ago
Accounting Medium The budgeted annual indirect costs are divided to budgeted annual quantity of cost allocation base, to calculate ___________? A expected indirect cost rate ✓ B expected direct cost rate ✓ C budgeted indirect cost rate ✓ D budgeted direct cost rate ✓ AK Ali Khan 4 months ago
Accounting Medium If an allocated indirect cost is $1500 and the actual incurred indirect cost is $1200, then this is classified as __________? A applied indirect cost ✓ B applied direct cost ✓ C incurred indirect cost ✓ D over allocated indirect cost ✓ AK Ali Khan 4 months ago
Accounting Medium The budgeted total direct labor cost is divided with budgeted total direct labor, to calculate ___________? A budgeted indirect labor cost rate ✓ B expected direct labor cost rate ✓ C budgeted direct labor cost rate ✓ D expected indirect labor cost rate ✓ AK Ali Khan 4 months ago
Accounting Medium The budgeted direct labor hours are multiplied to direct labor cost rate, to calculate ____________? A expected total direct labor cost ✓ B budgeted total direct labor cost ✓ C budgeted total indirect labor cost ✓ D expected labor hours ✓ AK Ali Khan 4 months ago
Accounting Medium A document which contains information about the materials of specific product, in specific department comes under __________? A costing method ✓ B selling method ✓ C material acquisition method ✓ D none of above ✓ AK Ali Khan 4 months ago
Accounting Medium If the budgeted annual indirect cost is $60000, budgeted annual quantity of cost allocation base is $3600, then budgeted indirect cost rate will be __________? A 15.67 per piece ✓ B 16.67 per piece ✓ C 14.67 per piece ✓ D 13.67 per piece ✓ AK Ali Khan 4 months ago
Accounting Medium 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 ✓ AK Ali Khan 4 months ago
Accounting Medium 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 ✓ AK Ali Khan 4 months ago