In accounting system, a document which consists of all assigned cost for specific job is classified as __________?

Related Mcqs:

1. A document which consists information about labor time usage, for specific job in a specific department, is known as __________?

   A. selling time record
   B. labor time record
   C. buying time record
   D. direct time record

2. A document which contains information about the materials of specific product, in specific department comes under __________?

   A. costing method
   B. selling method
   C. material acquisition method
   D. none of above

3. In an accounting system, the document which supports journal entries is classified as _____________?

   A. cost document
   B. priced document
   C. source document
   D. direct document

4. An accounting which records and measures the business transactions and is followed by generally accepted accounting principles is classified as ____________?

   A. external accounting
   B. internal accounting
   C. business accounting
   D. financial accounting

5. In process costing method, when the work done in current accounting period, and beginning inventory before current accounting period, is classified as _________?

   A. partial inventory costing method
   B. current period inventory method
   C. Last-in, first-out method
   D. First-in, first-out method

6. All the costs, which are assigned to manufactured products for specific calculations are classified as ___________?

   A. contracting costs
   B. product cost
   C. government costs
   D. marketing costs

7. 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

8. 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%

9. 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%

10. The direct cost assignment for specific cost object is classified as __________?

    A. cost object line cost
    B. cost tracing
    C. cost object indirect cost
    D. cost object staff cost