Accounting Medium 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% ✓ AK Ali Khan 4 months ago
Accounting Medium 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 ✓ AK Ali Khan 4 months ago
Accounting Medium 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 ✓ AK Ali Khan 4 months ago
Accounting Medium 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 ✓ AK Ali Khan 4 months ago
Accounting Medium 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 ✓ AK Ali Khan 4 months ago
Accounting Medium 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 ✓ AK Ali Khan 4 months ago
Accounting Medium 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 ✓ AK Ali Khan 4 months ago
Accounting Medium 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 ✓ AK Ali Khan 4 months ago
Accounting Medium The decision making step, which consists of organization goals, predicting alternatives and communicating goals is called _____________? A organization ✓ B alternation ✓ C planning ✓ D valuing ✓ AK Ali Khan 4 months ago
Accounting Medium The quantitative expression of decided plan and coordination, for plan implementation is known as __________? A cost format ✓ B decided plan ✓ C coordination plan ✓ D budget ✓ AK Ali Khan 4 months ago