Indirect Costs Allocation Quizzes Online MCQs PDF Download eBook
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Indirect Costs Allocation Questions and Answers PDF Download eBook
MCQ: If an allocated indirect cost is $1500 and the actual incurred indirect cost is $1200, then this is classified as
- applied indirect cost
- applied direct cost
- incurred indirect cost
- over allocated indirect cost
D
MCQ: The method which determines weights of cost allocation by considering cost of each user, as separate entity is known as
- bundled products allocation method
- variable cost allocation method
- stand-alone cost allocation method
- incremental cost allocation method
C
MCQ: If an unexplained variation is 350050 and the total variation is 700505, then coefficient of determination would be
- 3
- 0.5003
- 0.7003
- 2
B
MCQ: If an actual result in static budget is $2500 and the corresponding budgeted amount is $2200, then the static budget variance will be
- $3,000
- $300
- $4,700
- $4,500
B
MCQ: The system which measures the budget, action and plan of each responsibility center is known as
- budgeted accounting
- action accounting
- planned accounting
- responsibility accounting
D