An approach in which restating the amounts, in general ledgers by using actual cost rates, is classified as __________?

Related Mcqs:

1. An allocation approach, in which all the overhead entries are restated using actual cost rates in place of budgeted rates is called ___________?

   A. unadjusted budget rate approach B. adjusted allocation rate approach C. unadjusted allocation rate approach D. adjusted budget rate approach...

2. Of the cost allocation base, the difference between actual and budgeted variable overhead cost multiplied by actual quantity for actual output is classified as ____________?

   A. variable overhead spending variance B. fixed overhead spending variance C. constant spending variance D. potential spending variance...

3. In an actual quantity of cost allocation used, base is multiplied to an actual fixed overhead rates, to calculate ___________?

   A. fixed manufacturing overhead cost B. variable manufacturing overhead cost C. indirect manufacturing overhead cost D. direct manufacturing overhead cost...

4. The difference between the budgeted amounts and the actual results is classified as __________?

   A. standard deviation B. variances C. mean average D. weighted average...

5. The costing technique, in which the actual direct rates are multiplied to quantity of direct cost inputs is classified as __________?

   A. priced costing B. actual costing C. direct costing D. indirect costing...

6. If an actual selling price is $400, an actual result is $250 and an actual units sold are 500, then the selling price variance will be __________?

   A. $45,000 B. $55,000 C. $75,000 D. $65,000...

7. In actual costing, an actual quantity of used inputs are multiplied with actual prices to calculate: ___________?

   A. fixed direct manufacturing cost B. variable direct manufacturing cost C. fixed indirect manufacturing cost D. variable indirect manufacturing cost...

8. 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...

9. If the actual selling price is $500, actual result is $250 and the actual units sold are 350, then the selling price variance will be ____________?

   A. $87,500 B. $97,500 C. $67,500 D. $57,500...

10. In normal costing, an actual quantity of cost allocation used base is multiplied to budgeted fixed overhead rates to calculate the ___________?

    A. indirect manufacturing overhead cost B. direct manufacturing overhead cost C. fixed manufacturing overhead cost D. variable manufacturing overhead cost...