BBA: Online Finance Courses

MBA Cost Accounting Practice Tests


MBA Cost Accounting Online Tests

Budget Indirect Costs and End of Financial Year MCQ Quiz Online PDF Download

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The MCQ: In normal costing, the situation in which the allocated amount of indirect cost is greater than the incurred cost, is considered as PDF, "Budget Indirect Costs and End of Financial Year" App Download (Free) with incurred indirect cost, over allocated indirect cost, applied indirect cost, and applied direct cost choices for online classes for bachelor's degree in business administration. Practice budget indirect costs and end of financial year quiz questions, download Amazon eBook (Free Sample) for online business administration courses.

Accounting MCQs: Budget Indirect Costs and End of Financial Year Quiz Questions PDF Download

MCQ: 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

MCQ: 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

MCQ: 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

MCQ: 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

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

A) over allocated budget
B) under allocated budget
C) under allocated indirect cost
D) over allocated direct cost

Practice Tests: MBA Cost Accounting Exam Prep

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