Accounting Medium 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 ✓ AK Ali Khan 4 months ago
Accounting Medium 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 ✓ AK Ali Khan 4 months ago
Accounting Medium If the budgeted direct labor hours are 4550 and direct labor cost rate is $600 per labor hour then, total direct labor cost would be _____________? A $4,730,000 ✓ B $3,730,000 ✓ C $2,730,000 ✓ D $1,730,000 ✓ AK Ali Khan 4 months ago
Accounting Medium 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 ✓ AK Ali Khan 4 months ago
Accounting Medium A document which consists information about labor time usage, for specific job in a specific department, is known as __________? A selling time record ✓ B labor time record ✓ C buying time record ✓ D direct time record ✓ AK Ali Khan 4 months ago
Accounting Medium If the budgeted total direct labor hours are 3800 and budgeted direct labor cost is $480000, then the budgeted direct labor cost rate will be ___________? A $126.32 per labor hour ✓ B $128.32 per labor hour ✓ C $130 per labor hour ✓ D $132 per labor hour ✓ AK Ali Khan 4 months ago
Accounting Medium If the budgeted total direct labor hours are 5500 and budgeted direct labor cost is $755000, then the budgeted direct labor cost rate is _________? A $138 per labor hour ✓ B $137.27 per hour ✓ C $140 per labor hour ✓ D $142 per labor hour ✓ AK Ali Khan 4 months ago
Accounting Medium 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 ✓ AK Ali Khan 4 months ago
Accounting Medium If the budgeted annual indirect cost is $85000 and budgeted annual quantity of cost allocation base is $7500, then budgeted indirect cost rate would be __________? A 112.34 per piece ✓ B 113.34 per piece ✓ C 111.34 per piece ✓ D 110.34 per piece ✓ AK Ali Khan 4 months ago
Accounting Medium The systematic way of linking group of indirect cost to a cost object is classified as ___________? A linked allocation base ✓ B direct allocation base ✓ C indirect allocation base ✓ D cost allocation base ✓ AK Ali Khan 4 months ago