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Cost Accounting MCQs

Cost Accounting MCQs - Topic

Budget Indirect Costs and End of Financial Year MCQ with Answers PDF

Budget Indirect Costs and End of Financial Year Multiple Choice Questions (MCQ), Budget Indirect Costs and End of Financial Year quiz answers PDF with cost accounting live worksheets for online degrees. Solve job costing Multiple Choice Questions and Answers (MCQs), Budget Indirect Costs and End of Financial Year quiz questions for online classes for bachelor's degree in business administration. Budget Indirect Costs and End of Financial Year MCQ PDF: building block concepts of costing systems, variations from normal costing test prep for online master's degree in business management.

"In normal costing, the situation in which the allocated amount of indirect cost is greater than the incurred cost, is considered as" MCQ PDF on budget indirect costs and end of financial year with choices incurred indirect cost, over allocated indirect cost, applied indirect cost, and applied direct cost for online classes for bachelor's degree in business administration. Solve budget indirect costs and end of financial year quiz questions for merit scholarship test and certificate programs for online business administration courses.

MCQs on Budget Indirect Costs and End of Financial Year Quiz

MCQ: In normal costing, the situation in which the allocated amount of indirect cost is greater than the incurred cost, is considered as

incurred indirect cost
over allocated indirect cost
applied indirect cost
applied direct cost

MCQ: An approach which yields the benefits of normal costing and the actual manufacturing overhead is classified as

unadjusted allocation rate approach
adjusted budget rate approach
unadjusted budget rate approach
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

over allocated budget
under allocated budget
under allocated indirect cost
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

unadjusted budget rate approach
adjusted allocation rate approach
unadjusted allocation rate approach
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

over allocated budget
under allocated budget
under allocated indirect cost
over allocated direct cost

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