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Cost Accounting MCQs

Cost Accounting MCQ Questions - Topic

Indirect Costs Allocation MCQ with Answers PDF

Indirect Costs Allocation Multiple Choice Questions (MCQ), Indirect Costs Allocation quiz answers PDF with cost accounting career tests for online courses. Practice job costing Multiple Choice Questions and Answers (MCQs), Indirect Costs Allocation quiz questions for colleges that offer business administration. Indirect Costs Allocation Interview Questions PDF: building block concepts of costing systems, variations from normal costing test prep for grad cert business administration.

"An under allocated indirect cost is also called" MCQ PDF on indirect costs allocation with choices under applied indirect cost, under absorbed indirect cost, absorbed indirect cost, and both a and b for colleges that offer business administration. Practice indirect costs allocation quiz questions for merit scholarship test and certificate programs for business administration bachelor degree online.

MCQs on Indirect Costs Allocation Quiz

MCQ: An under allocated indirect cost is also called

under applied indirect cost
under absorbed indirect cost
absorbed indirect cost
both a and b

MCQ: In a normal accounting period, an allocated amount of indirect cost is $700 and an actual amount is $800, then this can be classified as

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

MCQ: If an actual indirect cost incur is $35000 and the indirect cost allocated is $43000, then the under allocated indirect cost will be

$78,000
−$78000
−$8000
$8,000

MCQ: If an actual indirect cost incurred is $25000 and the indirect cost allocated is $23000, then the over allocated indirect cost would be

$48,000
−$2000
$2,000
−$48000

MCQ: If an allocated indirect cost is $1500 and the actual incurred indirect cost is $1200, then this is classified as

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