MBA Cost Accounting MCQs - Chapter 22

Job Costing Multiple Choice Questions PDF Download - 5

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Free Job Costing Multiple Choice Questions and Answers (MCQs), Job Costing MCQ Quiz PDF, test 5 to study online MBA Cost Accounting Course. Practice Normal Costings MCQs, Job Costing trivia questions and answers PDF to prepare for job interview. Free learning app: Job Costing MCQs App Download & e-Book for budget indirect costs and end of financial year, building block concepts of costing systems, indirect costs allocation career test for online business management degree programs.

The Multiple Choice Question (MCQ Quiz): If the budgeted annual indirect cost is $85000 and budgeted annual quantity of cost allocation base is $7500, then budgeted indirect cost rate would be; "Job Costing" App Download (Free) with answers 113.34 per piece, 112.34 per piece, 111.34 per piece and 110.34 per piece to study accounting certificate courses. Solve normal costings quiz questions, download Google eBook (Free Sample) for online college courses.

Job Costing Questions & Answers PDF Download: MCQ Quiz 5

MCQ 21: If the budgeted annual indirect cost is $85000 and budgeted annual quantity of cost allocation base is $7500, then budgeted indirect cost rate would be

A) 112.34 per piece

B) 113.34 per piece

C) 111.34 per piece

D) 110.34 per piece

MCQ 22: The costing and allocating situation, in which the indirect cost allocated amount is less than actually incurred amount is known as

A) over allocated budget

B) under allocated budget

C) under allocated indirect cost

D) over allocated direct cost

MCQ 23: The systematic way of linking group of indirect cost to a cost object is classified as

A) linked allocation base

B) direct allocation base

C) indirect allocation base

D) cost allocation base

MCQ 24: 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

A) under allocated indirect cost

B) over allocated direct cost

C) over allocated budget

D) under allocated budget

MCQ 25: If an actual indirect cost incur is $35000 and the indirect cost allocated is $43000, then the under allocated indirect cost will be

A) $78,000

B) −$78000

C) −$8000

D) $8,000

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