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 658hard
If an actual manufacturing overhead costs is $225000 and actual total quantity of cost allocation base is 2500 labour hours, then overhead rate will be
Question 659hard
Costing technique, in which actual direct rates are multiplied to quantity of direct cost inputs is classified as
Question 660hard
In normal costing, manufacturing overhead allocated is also called
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Question 661hard
If an actual manufacturing overhead costs is $485000 and actual total quantity of cost allocation base is 4500 labour hours, then overhead rate would be
Question 662hard
An allocation approach, in which all overhead entries are restated using actual cost rates in place of budgeted rates is called
Question 663hard
If budgeted cost in indirect cost pool is $144500 and total quantity of cost allocation base is $165500, then budgeted indirect cost rate will be
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Question 664hard
Procedure of assigning direct cost to any cost abject is classified as
Question 665hard
If an actual indirect cost incurred is $25000 and indirect cost allocated is $23000, then over allocated indirect cost would be
Question 666hard
In an accounting system, document which supports journal entries is classified as