Indirect Costs Allocation Quiz with Answers PDF Download – Test 209

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

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

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

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

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