The department which provides assisting services to internal departments is classified as __________?

Related Mcqs:

1. 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

2. The method which allocates the cost of support department to only operating departments is called ___________?

   A. indirect method
   B. direct method
   C. step down method
   D. reciprocal method

3. 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

4. The balancing of all aspects of products or services and all the departments in the company are classified as ____________?

   A. annual profit plan
   B. budgeting
   C. coordination
   D. complex plan

5. The costs that are incurred in last department, where the product has been processed and will be carried to next department for further processing are called __________?

   A. partial work costs
   B. transferred-in costs
   C. transferred-out costs
   D. weighted average costs

6. The pricing method used by services companies, such as home repair services, architectural firms and automobile repair services is known as ______________?

   A. product life cycle method
   B. life cycle budgeting method
   C. life cycle costing method
   D. time and material method

7. The method of costing that supports creation of value for customer by accounting whole value stream, rather than individual departments or products is classified as __________?

   A. economic accounting
   B. back-flush accounting
   C. lean accounting
   D. lead accounting

8. The method, which considers the cost and cost drivers of departments such as employee relations and process engineering is termed as __________?

   A. pricing method
   B. manufacturing method
   C. conference method
   D. inference method

9. The methods used to allocate costs of reciprocal support departments include ____________?

   A. direct method
   B. step down
   C. reciprocal method
   D. all of above

10. The method which divides the support department cost into two dimensions such as fixed and variable cost pool 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