A document which consists information about labor time usage, for specific job in a specific department, is known as __________?
A. selling time record B. labor time record C. buying time record D. direct time record
Accounting MCQs with Answers
If the budgeted total direct labor hours are 3800 and budgeted direct labor cost is $480000, then the budgeted direct labor cost rate will be ___________?
A. $126.32 per labor hour B. $128.32 per labor hour C. $130 per labor hour D. $132 per labor hour
If the budgeted total direct labor hours are 5500 and budgeted direct labor cost is $755000, then the budgeted direct labor cost rate is _________?
A. $138 per labor hour B. $137.27 per hour C. $140 per labor hour D. $142 per labor hour
The manufacturing overhead cost allocated to individual jobs is classified as ___________?
A. manufacturing overhead allocated B. cost overhead applied C. manufacturing overhead applied D. both A and C
If the budgeted annual indirect cost is $85000 and budgeted annual quantity of cost allocation base is $7500, then budgeted indirect cost rate would be __________?
A. 112.34 per piece B. 113.34 per piece C. 111.34 per piece D. 110.34 per piece
The systematic way of linking group of indirect cost to a cost object is classified as ___________?
A. linked allocation base B. direct allocation base C. indirect allocation base D. cost allocation base
If an actual indirect cost incur is $35000 and the indirect cost allocated is $43000, then the under allocated indirect cost will be __________?
A. $78,000 B. −$78000 C. −$8000 D. $8,000
In a normal accounting period, an allocated amount of indirect cost is $700 and an actual amount is $800, then this can be classified as ____________?
A. under allocated indirect cost B. over allocated direct cost C. over allocated budget D. under allocated budget
The costing technique, in which the actual direct rates are multiplied to quantity of direct cost inputs is classified as __________?
A. priced costing B. actual costing C. direct costing D. indirect costing
If an actual manufacturing overhead costs is $485000 and actual total quantity of cost allocation base is 4500 labor hours, then the overhead rate would be _____________?
A. 109.87 B. $107.78 C. $106.56 D. $104.34