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Indirect Costs Allocation quiz questions, indirect costs allocation multiple choice questions and answers PDF 209 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, budgeting and responsibility accounting, static budget variance, regression line, common costs, indirect costs allocation test prep for business administration and management colleges.

"If an allocated indirect cost is \$1500 and the actual incurred indirect cost is \$1200, then this is classified as", indirect costs allocation Multiple Choice Questions (MCQ) with choices applied direct cost, applied indirect cost, incurred indirect cost, and over allocated indirect cost for online colleges for business administration. Learn job costing questions and answers to improve problem solving skills for online bachelor's degree in administration. Indirect Costs Allocation Video

Indirect Costs Allocation Quiz

MCQ: 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

D

Common Costs Quiz

MCQ: The method which determines weights of cost allocation by considering cost of each user, as separate entity is known as

1. bundled products allocation method
2. variable cost allocation method
3. stand-alone cost allocation method
4. incremental cost allocation method

C

Regression Line Quiz

MCQ: If an unexplained variation is 350050 and the total variation is 700505, then coefficient of determination would be

1. 3
2. 0.5003
3. 0.7003
4. 2

B

Static Budget Variance Quiz

MCQ: If an actual result in static budget is \$2500 and the corresponding budgeted amount is \$2200, then the static budget variance will be

1. \$3,000
2. \$300
3. \$4,700
4. \$4,500

B

Budgeting and Responsibility Accounting Quiz

MCQ: The system which measures the budget, action and plan of each responsibility center is known as

1. budgeted accounting
2. action accounting
3. planned accounting
4. responsibility accounting

D