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MBA Cost Accounting Practice Tests

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The Indirect Costs Allocation Multiple Choice Questions (MCQ Quiz) with Answers PDF, Indirect Costs Allocation MCQ PDF e-Book download to practice MBA Cost Accounting Tests. Learn Job Costing Multiple Choice Questions and Answers (MCQs), Indirect Costs Allocation quiz answers PDF for online accounting degree courses. The Indirect Costs Allocation MCQ App Download: Free learning app for building block concepts of costing systems, variations from normal costing test prep for business admin degree online.

The 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; "Indirect Costs Allocation" App Download (Free) with answers: Under allocated indirect cost; Over allocated direct cost; Over allocated budget; Under allocated budget; for online accounting degree courses. Practice Indirect Costs Allocation Quiz Questions, download Google eBook (Free Sample) for business admin degree online.

## Indirect Costs Allocation MCQs: Questions and Answers

MCQ 1:

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
MCQ 2:

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
MCQ 3:

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
MCQ 4:

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
MCQ 5:

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