Single Rate and Dual Rate Methods MCQs Quiz Online PDF Download

Learn single rate and dual rate methods MCQs, cost accounting test for online courses learning and test prep to practice. Department costs, common costs and revenues quiz has multiple choice questions (MCQ), single rate and dual rate methods quiz questions and answers to learn for business school entrance exam preparation.

Cost accounting practice test MCQ on method which divides support department cost into two dimensions such as fixed and variable cost pool is classified as with options sales mix allocation method, dual-rate cost-allocation method, single rate cost allocation method and quantity variance allocation method problem solving skills for viva, competitive exam prep, interview questions with answer key. Free study guide is for online learning single rate and dual rate methods quiz with MCQs to practice test questions with answers. Single Rate and Dual Rate Methods Video

MCQs on Single Rate and Dual Rate Methods Quiz 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