An amount of additional cost incurred for any particular activity is classified as ____________?

Related Mcqs:

1. The costing and allocating situation, in which the indirect cost allocated amount is less than actually incurred amount is known as ___________?

   A. over allocated budget
   B. under allocated budget
   C. under allocated indirect cost
   D. over allocated direct cost

2. In normal costing, the situation in which the allocated amount of indirect cost is greater than the incurred cost, is considered as _____________?

   A. incurred indirect cost
   B. over allocated indirect cost
   C. applied indirect cost
   D. applied direct cost

3. An amount by which the total cost changes with respect to the change in level of activity is classified as ____________?

   A. activity coefficient
   B. cost coefficient
   C. change coefficient
   D. slope coefficient

4. If an actual incurred cost is $387500 and the flexible budget amount is $168750, then fixed overhead variance of flexible budget would be ____________?

   A. $518,750
   B. $418,750
   C. $218,750
   D. $318,750

5. If the flexible budget amount is $26000 and fixed overhead flexible budget variance is $12500, then actual incurred cost would be ____________?

   A. $38,500
   B. $48,500
   C. $58,500
   D. $13,500

6. In an activity based cost system; an activity/unit of work or task with differentiated purposes will be classified as __________?

   A. different task
   B. purpose cost
   C. an activity
   D. an allocation cost

7. If an actual indirect cost incurred is $25000 and the indirect cost allocated is $23000, then the over allocated indirect cost would be ________?

   A. $48,000
   B. −$2000
   C. $2,000
   D. −$48000

8. The description in mathematical form to represent changes in cost, with level of activity related to that cost is classified as ____________?

   A. cost function
   B. revenue function
   C. unit function
   D. relative function

9. The per unit opportunity cost to the selling subunit of company, is added into per unit incremental cost is incurred at point of transfer to calculate ____________?

   A. minimum operating cost
   B. maximum operating costs
   C. maximum transfer price
   D. minimum transfer price

10. The costing system, which classify cost into cost categories in a way when an expense is incurred in the process is called ____________?

    A. conversion expense costing system
    B. inventory costing system
    C. process costing system
    D. job costing system