Vidyalelo
Commerce · Q610

Costing

Graduate and Post Graduate · Commerce · question 610

Q610

Costs, which consist of interdepartmental cost allocations plus cost of support department are classified as

A.
complete reciprocal costs
Answer
B.
artificial costs
C.
operating costs
D.
flexible operating costs

Answer: Option A

Solution

Answer: Option A
Solution:
Costs, which consist of interdepartmental cost allocations plus cost of support department are classified as complete reciprocal costs. The allocation of service department costs is incomplete if the method used for cost allocation ignores or does not give full recognition to interdepartmental services.