Indirect costs allocation quiz questions, indirect costs allocation MCQs answers, MBA accounting quiz 209 to learn accounting courses online. Job costing quiz questions and answers, indirect costs allocation multiple choice questions (MCQ) to practice accounting quiz with answers for online colleges and universities courses. Learn indirect costs allocation MCQs, static budget variance, regression line, common costs, indirect costs allocation test prep for financial business analyst certification.

Learn indirect costs allocation test with multiple choice question (MCQs): if an allocated indirect cost is \$1500 and actual incurred indirect cost is \$1200, then this is classified as, with choices applied indirect cost, applied direct cost, incurred indirect cost, and over allocated indirect cost for business degree online classes. Learn job costing questions and answers for scholarships exams' problem-solving, assessment test for finance certifications. Indirect Costs Allocation Video

Indirect Costs Allocation Quiz

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

Common Costs Quiz

MCQ: 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

C

Regression Line Quiz

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

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

B

Static Budget Variance Quiz

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

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

B

Budgeting & Responsibility Accounting Quiz

MCQ: System which measures budget, action and plan of each responsibility center is known as

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

D