Indirect Costs Allocation Quiz Questions and Answers PDF - 209

MCQ 1041: If an allocated indirect cost is $1500 and the 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

MCQ 1042: The method which determines weights of cost allocation by considering cost of each user, as separate entity is known as

1. bundled products allocation method
2. variable cost allocation method
3. stand-alone cost allocation method
4. incremental cost allocation method

MCQ 1043: If an unexplained variation is 350050 and the total variation is 700505, then coefficient of determination would be

1. 3
2. 0.5003
3. 0.7003
4. 2

MCQ 1044: If an actual result in static budget is $2500 and the corresponding budgeted amount is $2200, then the static budget variance will be

1. $3,000
2. $300
3. $4,700
4. $4,500

MCQ 1045: The system which measures the budget, action and plan of each responsibility center is known as

1. budgeted accounting
2. action accounting
3. planned accounting
4. responsibility accounting