The third ranked product in incremental revenue-allocation method is known as _________?
A. primary product B. First incremental product C. Second incremental product D. Third incremental product
Accounting MCQs with Answers
The method, which uses specific information on products as weights to allocate bundled revenues for each product in bundle is classified as ___________?
A. step down allocation method B. stand-alone revenue allocation method C. incremental revenue allocation method D. revenue mix allocation method
A particular term for which specific revenue measurement is required is known as __________?
A. revenue allocation B. revenue object C. revenue increment D. reciprocal revenue
Support department cost allocation method which makes no difference between variable and fixed costs is classified as ___________?
A. sales mix allocation method B. dual-rate cost-allocation method C. single rate cost allocation method D. quantity variance allocation method
If the employees of division A work for 8000 hours for $90 per hour, then the rate must be paid in division B in accordance of single rate method will be ___________?
A. $90 per hour B. less than $90 per hour C. greater than $90 per hour D. none of above
According to incremental method, the party which receives the highest ranking in allocation of common cost is classified as ____________?
A. Third incremental party B. second incremental party C. primary party D. First incremental party
The method, which allocates cost of support department for operating departments by recognizing all the mutual services provided is classified as ___________?
A. indirect method B. direct method C. step down method D. reciprocal method
The method, which allocates the cost of support department, to operating and support departments is known as ___________?
A. indirect method B. direct method C. step down method D. reciprocal method
In incremental cost allocation method, the cost object user who is ranked second in ranking order is known as ____________?
A. First incremental user B. primary user C. secondary user D. second incremental user
The methods used to allocate costs of reciprocal support departments include ____________?
A. direct method B. step down C. reciprocal method D. all of above