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Indirect Costs Allocation Multiple Choice Questions PDF p. 128

Indirect Costs Allocation multiple choice questions and answers, indirect costs allocation quiz answers PDF 128 to learn Cost Accounting course for college certification. Learn Job Costing MCQ trivia questions, indirect costs allocation Multiple Choice Questions (MCQ) for online college degrees. Indirect Costs Allocation Interview Questions PDF: 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" MCQ PDF with choices −$2000, $48,000, $2,000, and −$48000 for online colleges for business management. Solve job costing questions and answers to improve problem solving skills for online bachelor's degree in business administration.

Indirect Costs Allocation Questions and Answers MCQs

MCQ: If an actual indirect cost incurred is $25000 and the indirect cost allocated is $23000, then the over allocated indirect cost would be

$48,000
−$2000
$2,000
−$48000

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

values of a and b
values of x and y
values of a and x
values of b and y

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

positive cost variance
negative cost variance
flexible budget variance
flexible cost variance

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

identify variable overhead cost
compute the per unit rate
choose the budgeting period
select allocation bases

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

seasonal capacity utilization
normal capacity utilization
standard capacity utilization
theoretical capacity utilization