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Cost Accounting MCQs – Certification Test 725

Budget Indirect Costs and End of Financial Year Trivia (Question 725) – App & e-Book Download

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MCQ 725: In a normal accounting period, the allocated amount of indirect cost is $2000 and the actual amount is $2200, it classified as:

  1. over allocated budget
  2. under allocated budget
  3. under allocated indirect cost
  4. over allocated direct cost
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