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Indirect Costs Allocation MCQs Quiz Online PDF Download eBook

Solve Indirect Costs Allocation Multiple Choice Questions (MCQ), indirect costs allocation quiz answers PDF worksheet, cost accounting practice test for online degree programs. Learn job costing Multiple Choice Questions and Answers (MCQs), "Indirect Costs Allocation" quiz questions and answers for colleges that offer business administration. Learn variations from normal costing, building block concepts of costing systems test prep for grad cert business administration.

"An under allocated indirect cost is also called" Multiple Choice Questions (MCQ) 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. Indirect Costs Allocation Video

MCQs on Indirect Costs Allocation PDF Download eBook

MCQ: An under allocated indirect cost is also called

  1. under applied indirect cost
  2. under absorbed indirect cost
  3. absorbed indirect cost
  4. both a and b

D

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

  1. under allocated indirect cost
  2. over allocated direct cost
  3. over allocated budget
  4. under allocated budget

A

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

  1. $78,000
  2. −$78000
  3. −$8000
  4. $8,000

C

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

  1. $48,000
  2. −$2000
  3. $2,000
  4. −$48000

C

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

  1. applied indirect cost
  2. applied direct cost
  3. incurred indirect cost
  4. over allocated indirect cost

D