Indirect Costs Allocation MCQs & Quiz Online PDF Book Download

Indirect costs allocation MCQs, indirect costs allocation quiz answers to learn accounting courses online. Job costing multiple choice questions (MCQs), indirect costs allocation quiz questions and answers for online accounting and finance degree. Normal costings, variations from normal costing, building block concepts of costing systems, indirect costs allocation test prep for financial business analyst certification.

Learn job costing test MCQs: an under allocated indirect cost is also called, with choices under applied indirect cost, under absorbed indirect cost, absorbed indirect cost, and both a and b for online accounting and finance degree. Practice assessment test for scholarships, online learning indirect costs allocation quiz questions for competitive assessment in business majors for financial business analyst certification. Indirect Costs Allocation Video

MCQ on Indirect Costs AllocationQuiz Book Download

MCQ: An under allocated indirect cost is also called

  1. under applied indirect cost
  2. under absorbed indirect cost
  3. absorbed indirect cost
  4. both a and b

D

MCQ: In a normal accounting period, an allocated amount of indirect cost is $700 and an actual amount is $800, then this can be classified as

  1. under allocated indirect cost
  2. over allocated direct cost
  3. over allocated budget
  4. under allocated budget

A

MCQ: If an actual indirect cost incur is $35000 and indirect cost allocated is $43000, then under allocated indirect cost will be

  1. $78,000
  2. −$78000
  3. −$8000
  4. $8,000

C

MCQ: If an actual indirect cost incurred is $25000 and indirect cost allocated is $23000, then over allocated indirect cost would be

  1. $48,000
  2. −$2000
  3. $2,000
  4. −$48000

C

MCQ: If an allocated indirect cost is $1500 and actual incurred indirect cost is $1200, then this is classified as

  1. applied indirect cost
  2. applied direct cost
  3. incurred indirect cost
  4. over allocated indirect cost

D