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 667hard
If budgeted indirect cost base is $115 and budgeted cost allocation base is $830 per hour, then annual indirect cost (budgeted) will be
Question 668hard
If budgeted annual manufacturing indirect cost is $2250000 and cost allocation base is 2800 labour hour, then budgeted manufacturing overhead rate will be
Question 669hard
In a normal accounting period, allocated amount of indirect cost is $2000 and actual amount is $2200, then this is classified as
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Question 670hard
Spread of over allocated overhead and under allocated overhead among work in process, finished goods and goods sold cost is classified as
Question 671hard
If budgeted indirect cost arte is $225 and budgeted cost allocation base is $750 per hour, then annual indirect cost (budgeted) would be
Question 672hard
If budgeted cost in indirect cost pool is $139600 and total quantity of cost allocation base is $155600, then budgeted indirect cost rate would be
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Question 673hard
Total cost of producing similar products divided by number of units produced is a technique known as
Question 674hard
In normal costing, budgeted rate is multiplied to an actual quantity, which have been used as allocation base to calculate
Question 675hard
Budgeted annual indirect costs are divided to budgeted annual quantity of cost allocation base to calculate