Indirect Costs Allocation MCQs Quiz Online PDF Download

Learn indirect costs allocation MCQs, cost accounting test for online learning courses, test prep to practice test. Job costing quiz has multiple choice questions (MCQ), indirect costs allocation quiz questions and answers, normal costings, building block concepts of costing systems, indirect costs allocation tutorials for online cost accounting courses distance learning.

Cost accounting practice test MCQ: 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 summative assessment, formative assessment of business jobs' seekers and students with online jobs and courses' tests. Free study guide is for online learning indirect costs allocation quiz with MCQs to practice test questions with answers. Indirect Costs Allocation Video

MCQs on Indirect Costs Allocation Quiz PDF 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