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Indirect Costs Allocation quiz questions, indirect costs allocation multiple choice questions and answers PDF 128 to learn accounting course for online certification. Practice "Job Costing" quiz with answers, indirect costs allocation Multiple Choice Questions (MCQ) for online accounting degree. Free indirect costs allocation MCQs, inventory costing methods, variable and fixed overhead costs, price and efficiency variance, linear cost functions, indirect costs allocation test prep for online business and administration degree.

"If an actual indirect cost incurred is \$25000 and the indirect cost allocated is \$23000, then the over allocated indirect cost would be", indirect costs allocation Multiple Choice Questions (MCQ) with choices −\$2000, \$48,000, \$2,000, and −\$48000 for online colleges for business management. Learn job costing questions and answers to improve problem solving skills for online bachelor's degree in business administration. Indirect Costs Allocation Video

Indirect Costs Allocation Quiz

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

Linear Cost Functions Quiz

MCQ: In the linear cost function which is y=a + bx, the objective is to find the

1. values of a and b
2. values of x and y
3. values of a and x
4. values of b and y

A

Price and Efficiency Variance Quiz

MCQ: An actual cost is subtracted from flexible budget cost to calculate

1. positive cost variance
2. negative cost variance
3. flexible budget variance
4. flexible cost variance

C

Variable and Fixed Overhead Costs Quiz

MCQ: The fourth step in development of operating budget is to

2. compute the per unit rate
3. choose the budgeting period
4. select allocation bases

B

Inventory Costing Methods Quiz

MCQ: The capacity utilization of the business, to satisfy average customer demand over a specific period of time is classified as

1. seasonal capacity utilization
2. normal capacity utilization
3. standard capacity utilization
4. theoretical capacity utilization

B