Costing MCQs
Practice free Costing multiple-choice questions with instant answer feedback and step-by-step solutions. Click an option to check yourself, reveal the full explanation, and work through all 1419 questions — no login required.
Question 649hard
If budgeted total direct labour hours are 3800 and budgeted direct labour cost is $480000, then budgeted direct labour cost rate will be
Question 650hard
If budgeted total direct labour hours are 5500 and budgeted direct labour cost is $755000, then budgeted direct labour cost rate is
Question 651hard
In accounting system, a document which consists of all assigned cost for specific job is classified as
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Question 652medium
Manufacturing overhead cost allocated to individual jobs is classified as
Question 653hard
If budgeted annual indirect cost is $850000 and budgeted annual quantity of cost allocation base is $7500, then budgeted indirect cost rate would be
Question 654hard
Costing and allocating situation, in which indirect cost allocated amount is less than actually incurred amount is known as
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Question 655hard
Systematic way of linking group of indirect cost to a cost object is classified as
Question 656hard
In a normal accounting period, an allocated amount of indirect cost is $700 and an actual amount is $800, then this can be classified as
Question 657hard
If an actual indirect cost incur is $35000 and indirect cost allocated is $43000, then under allocated indirect cost will be