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Commerce · all questions

Costing
practice.

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Method of revenue allocation, which ranks products included in bundle according to predetermined criteria of management is known as

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Method, which allocates cost of support department for operating departments by recognizing all mutual services provided is classified as

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Package which consists of two or more products to be sold for single price, but components of products in package have separate stand-alone price is called

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Method, which allocates cost of support department to operating and support departments is known as

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Approaches to allocate costs of support department do not include

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In incremental cost allocation method, cost object user who is ranked second in ranking order is known as

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Second ranked product in incremental revenue allocation method is termed as

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Methods used to allocate costs of reciprocal support departments include

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Method which allocates cost of support department to only operating departments is called

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Process in which earned revenue is related to specific revenue object, which can cannot trace it in cost effective way is known as

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Considering dual rate method, if employees work for 8500 budgeted hours at 110 per hour, then total cost would be

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Method which determines weights of cost allocation by considering cost of each user as separate entity is known as

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Budgeted total direct labour cost is divided with budgeted total direct labour to calculate

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Budgeted direct labour hours are multiplied to direct labour cost rate to calculate

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Term which describes assigning of indirect cost to any cost abject is classified as

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A document which contains information about materials of specific product, in specific department comes under

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If budgeted annual indirect cost is 3600, then budgeted indirect cost rate will be

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An under allocated indirect cost is also called

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In normal costing, situation in which allocated amount of indirect cost is greater than incurred cost, is considered as

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A group of individual indirect cost item is defined as

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