Single Rate and Dual Rate Methods MCQs Quiz Online PDF Download

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MCQs on Single Rate and Dual Rate MethodsQuiz PDF Download

MCQ: Method which divides support department cost into two dimensions such as fixed and variable cost pool is classified as

  1. sales mix allocation method
  2. dual-rate cost-allocation method
  3. single rate cost allocation method
  4. quantity variance allocation method

B

MCQ: Support department cost allocation method which makes no difference between variable and fixed costs is classified as

  1. sales mix allocation method
  2. dual-rate cost-allocation method
  3. single rate cost allocation method
  4. quantity variance allocation method

C

MCQ: If employees of division A work for 8000 hours for $90 per hour, then rate must be paid in division B in accordance of single rate method will be

  1. $90 per hour
  2. less than $90 per hour
  3. greater than $90 per hour
  4. none of above

A

MCQ: Considering dual rate method, if employees work for 8500 budgeted hours at $120 per hour, and work for 9500 actual hours at $110 per hour, then total cost would be

  1. $2,078,000
  2. $3,078,000
  3. $2,065,000
  4. $3,065,000

C