Indirect Costs Allocation MCQs Test Online PDF Download

Indirect costs allocation multiple choice questions (MCQs), indirect costs allocation test prep for online learning with MBA degree certificate eCourses. Learn job costing multiple choice questions (MCQs), indirect costs allocation quiz questions and answers. Career test prep on normal costings, building block concepts of costing systems, variations from normal costing aptitude test for online cost accounting courses distance learning.

Practice job costing aptitude test MCQs: 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, for free online courses with options under allocated indirect cost, over allocated direct cost, over allocated budget, under allocated budget for online college business degree. Free skills assessment test is for online e-learning 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

MCQ 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