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Costing
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Q661

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

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Q662

An allocation approach, in which all overhead entries are restated using actual cost rates in place of budgeted rates is called

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Q663

If budgeted cost in indirect cost pool is

144500 an d t o t a l q u an t i t y o f cos t a l l oc a t i o nba se i s

165500, then budgeted indirect cost rate will be

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Q664

Procedure of assigning direct cost to any cost abject is classified as

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Q665

If an actual indirect cost incurred is

25000 an d in d i r ec t cos t a l l oc a t e d i s

23000, then over allocated indirect cost would be

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Q666

In an accounting system, document which supports journal entries is classified as

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Q667

If budgeted indirect cost base is

115 an d b u d g e t e d cos t a l l oc a t i o nba se i s

830 per hour, then annual indirect cost (budgeted) will be

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Q668

If budgeted annual manufacturing indirect cost is $2250000 and cost allocation base is 2800 labour hour, then budgeted manufacturing overhead rate will be

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Q669

In a normal accounting period, allocated amount of indirect cost is

2000 an d a c t u a l am o u n t i s

2200, then this is classified as

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Q670

Spread of over allocated overhead and under allocated overhead among work in process, finished goods and goods sold cost is classified as

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Q671

If budgeted indirect cost arte is

225 an d b u d g e t e d cos t a l l oc a t i o nba se i s

750 per hour, then annual indirect cost (budgeted) would be

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Q672

If budgeted cost in indirect cost pool is

139600 an d t o t a l q u an t i t y o f cos t a l l oc a t i o nba se i s

155600, then budgeted indirect cost rate would be

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Q673

Total cost of producing similar products divided by number of units produced is a technique known as

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Q674

In normal costing, budgeted rate is multiplied to an actual quantity, which have been used as allocation base to calculate

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Q675

Budgeted annual indirect costs are divided to budgeted annual quantity of cost allocation base to calculate

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Q676

Situation in which cost object has any job, customer or product is known as

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Q677

If an allocated indirect cost is

1500 an d a c t u a l in c u r r e d in d i r ec t cos t i s

1200, then this is classified as

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Q678

Cost of previous department is a part of

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Q679

Total costs incur in a production process, is divided by total number of output units to calculate the

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Q680

If beginning work in process equivalent units are 2500 units, work done in current period equivalent units are 3800 units and ending work in process equivalent units are 5000, then complete equivalent units in current period are

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