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

Related Mcqs:

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...
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...
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...
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...
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...
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...
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%...
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%...
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...
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...