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Free "Building Block Concepts of Costing Systems" App Download [Free] with MCQ: Term which describes the assigning of indirect cost, to any cost object is classified as; with answers: cost allocation, sales tracing, sales allocation, and cost tracing to explore budget planning. Practice Building Block Concepts of Costing Systems Quiz Questions, download Google e-Book (Free Chapter) to gain virtual experience.

Building Block Concepts of Costing Systems MCQs PDF Download – Prep Test

MCQ 1: The term which describes the assigning of indirect cost, to any cost object is classified as:

  1. cost allocation
  2. sales tracing
  3. sales allocation
  4. cost tracing

MCQ 2: A document which contains information about the materials of specific product, in specific department comes under:

  1. costing method
  2. selling method
  3. material acquisition method
  4. none of above

MCQ 3: A group of individual indirect cost item is defined as:

  1. direct pool
  2. cost pool
  3. indirect pool
  4. item pool

MCQ 4: The total indirect cost in the pool by an actual quantity of cost allocation base, is used to calculate:

  1. actual manufacturing overhead rate
  2. manufacturing overhead costs
  3. overhead rate
  4. direct rate

MCQ 5: The process of assigning the direct or indirect cost to any cost object is known as:

  1. cost assignment
  2. cost expectation
  3. event assignment
  4. probability assignment

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