Job Costing Multiple Choice Questions PDF Download - 9

MCQ 41: Total cost of producing similar products divided by number of units produced is a technique known as

1. sale costing system
2. job costing system
3. price costing system
4. process costing system

MCQ 42: In normal costing, the budgeted rate is multiplied to an actual quantity, which have been used as the allocation base to calculate

1. budget overhead applied
2. manufacturing overhead applied
3. labor overhead applied
4. none of above

MCQ 43: The budgeted annual indirect costs are divided to budgeted annual quantity of cost allocation base, to calculate

1. expected indirect cost rate
2. expected direct cost rate
3. budgeted indirect cost rate
4. budgeted direct cost rate

MCQ 44: The situation in which the cost object has any job, customer or product is known as

1. cost application base
2. sale application base
3. price application base
4. direct application base

MCQ 45: 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