BBA Cost Accounting Competitive Exam MCQs – Practice Test 5 (Chapter 22)

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Download the "Job Costing MCQs" App: Costing and allocating situation, in which the indirect cost allocated amount is less than actually incurred amount is known as; MCQ with answers: under allocated budget, over allocated budget, under allocated indirect cost, and over allocated direct cost. Solve Nonlinearity & Cost Functions Quiz Questions, download Google e-Book (Free Chapter) for cloud learning systems.

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MCQ 21: If the budgeted annual indirect cost is $85000 and budgeted annual quantity of cost allocation base is $7500, then budgeted indirect cost rate would be:

112.34 per piece
113.34 per piece
111.34 per piece
110.34 per piece

MCQ 22: The costing and allocating situation, in which the indirect cost allocated amount is less than actually incurred amount is known as:

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

MCQ 23: The systematic way of linking group of indirect cost to a cost object is classified as:

linked allocation base
direct allocation base
indirect allocation base
cost allocation base

MCQ 24: 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 25: 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

Job Costing MCQs App & e-Book – BBA Cost Accounting Competitive Exam

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