Job Costing Multiple Choice Questions (MCQ) PDF - 6

MCQ 26: If an actual manufacturing overhead costs is $225000 and actual total quantity of cost allocation base is 2500 labor hours, then the overhead rate will be

1. $60
2. $90
3. $80
4. $70

MCQ 27: The costing technique, in which the actual direct rates are multiplied to quantity of direct cost inputs is classified as

1. priced costing
2. actual costing
3. direct costing
4. indirect costing

MCQ 28: In normal costing, the manufacturing overhead allocated is also called

1. manufacturing overhead applied
2. labor overhead applied
3. cost overhead applied
4. budget overhead applied

MCQ 29: If an actual manufacturing overhead costs is $485000 and actual total quantity of cost allocation base is 4500 labor hours, then the overhead rate would be

1. 109.87
2. $107.78
3. $106.56
4. $104.34

MCQ 30: An allocation approach, in which all the overhead entries are restated using actual cost rates in place of budgeted rates is called

1. unadjusted budget rate approach
2. adjusted allocation rate approach
3. unadjusted allocation rate approach
4. adjusted budget rate approach