The material or anything for which cost is to be measured is known as __________?

Related Mcqs:

1. If the budgeted cost in indirect cost pool is $144500 and total quantity of cost allocation base is $165500, then the budgeted indirect cost rate will be __________?

   A. 67.30%
   B. 87.31%
   C. 55.50%
   D. 45.50%

2. If the budgeted cost in indirect cost pool is $139600 and total quantity of cost allocation base is $155600, then the budgeted indirect cost rate would be __________?

   A. 69.72%
   B. 79.72%
   C. 99.75%
   D. 89.72%

3. If the cost of indirect support labor is $5000, equipment maintenance setup cost is $7000 and machinery leasing cost is $4000 then variable fixed cost will be ___________?

   A. $16,000
   B. $12,000
   C. $18,000
   D. $21,000

4. The relationship based on unrelated level of activity and past data of cost is measured with the help of __________?

   A. cost estimation
   B. price estimation
   C. unit estimation
   D. production estimation

5. If the budgeted annual indirect cost is $60000, budgeted annual quantity of cost allocation base is $3600, then budgeted indirect cost rate will be __________?

   A. 15.67 per piece
   B. 16.67 per piece
   C. 14.67 per piece
   D. 13.67 per piece

6. 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

7. 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

8. If the budgeted indirect cost is $225 and the budgeted cost allocation base is $750 per hour, then the annual indirect cost (budgeted) would be __________?

   A. $168,750
   B. $148,570
   C. $186,750
   D. $125,680

9. The document, which contains the information about the used material sequence, detail and quantity of raw material is classified as __________?

   A. bill of materials
   B. bill of sequence
   C. bill of detail
   D. bill of raw materials

10. The prime cost is $50000 and the direct manufacturing labor is $10000, then the direct material cost will be ____________?

    A. $40,000
    B. $60,000
    C. $52,000
    D. $20,000