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

Related Mcqs:

1. 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

2. 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

3. 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

4. If an allocated indirect cost is $1500 and the actual incurred indirect cost is $1200, then this is classified as __________?

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

5. 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

6. In a normal accounting period, the allocated amount of indirect cost is $2000 and the actual amount is $2200, it classified as __________?

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

7. 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%

8. 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%

9. 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

10. 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