Indirect Costs Allocation MCQs Quiz Online PDF Download

Learn indirect costs allocation MCQs, online MBA cost accounting test for distance education, online accounting courses prep. Practice job costing multiple choice questions (MCQs), indirect costs allocation quiz questions and answers. GMAT test prep on normal costings, building block concepts of costing systems, indirect costs allocation tutorials for online cost accounting courses distance learning.

Study bachelors and masters in accounting degree MCQs: an under allocated indirect cost is also called, for online courses with choices under applied indirect cost, under absorbed indirect cost, absorbed indirect cost for summative assessment, formative assessment of business jobs' seekers and students with online jobs and courses' tests. Free skills assessment test is for online learn indirect costs allocation quiz questions with MCQs, exam preparation questions and answers to prepare entrance exam for admission in MBA degree online. Indirect Costs Allocation Video

MCQs on Indirect Costs AllocationQuiz 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