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Accounting MCQs with Answers

If the budgeted cost in indirect cost pool is $144500 and total quantity of cost allocation base is $165500, then the budgeted indirect cost rate will be __________?

April 20, 2025 by admin
A. 67.30%
B. 87.31%
C. 55.50%
D. 45.50%
Categories Accounting MCQs with Answers Leave a comment

The procedure of assigning the direct cost to any cost abject is classified as ____________?

April 20, 2025 by admin
A. sales allocation
B. cost tracing
C. cost allocation
D. sales tracing
Categories Accounting MCQs with Answers Leave a comment

If the budgeted indirect cost arte is $115 and the budgeted cost allocation base is $830 per hour, then the annual indirect cost (budgeted) will be ___________?

April 20, 2025 by admin
A. $93,450
B. $94,560
C. $96,450
D. $95,450
Categories Accounting MCQs with Answers Leave a comment

If the budgeted annual manufacturing indirect cost is $2250000 and the cost allocation base is 2800 labor hour, then budgeted manufacturing overhead rate will be ___________?

April 20, 2025 by admin
A. $803.571 per labor hour
B. $805 per labor hour
C. $905 per labor hour
D. $802 per labor hour
Categories Accounting MCQs with Answers Leave a comment

In a normal accounting period, the allocated amount of indirect cost is $2000 and the actual amount is $2200, it classified as __________?

April 20, 2025 by admin
A. over allocated budget
B. under allocated budget
C. under allocated indirect cost
D. over allocated direct cost
Categories Accounting MCQs with Answers Leave a comment

If the budgeted indirect cost is $225 and the budgeted cost allocation base is $750 per hour, then the annual indirect cost (budgeted) would be __________?

April 20, 2025 by admin
A. $168,750
B. $148,570
C. $186,750
D. $125,680
Categories Accounting MCQs with Answers Leave a comment

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 __________?

April 20, 2025 by admin
A. 69.72%
B. 79.72%
C. 99.75%
D. 89.72%
Categories Accounting MCQs with Answers Leave a comment

In normal costing, the budgeted rate is multiplied to an actual quantity, which have been used as the allocation base to calculate ___________?

April 20, 2025 by admin
A. budget overhead applied
B. manufacturing overhead applied
C. labor overhead applied
D. none of above
Categories Accounting MCQs with Answers Leave a comment

The situation in which the cost object has any job, customer or product is known as _________?

April 20, 2025 by admin
A. cost application base
B. sale application base
C. price application base
D. direct application base
Categories Accounting MCQs with Answers Leave a comment

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 __________?

April 20, 2025 by admin
A. $1,775,000
B. $1,675,000
C. $1,875,000
D. $1,975,000
Categories Accounting MCQs with Answers Leave a comment
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