In the activity based costing method implementation, the indirect costs are allocated by using the ___________?

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. In the activity based costing method implementation, an output unit level costs are classified as ____________?

   A. indirect costs B. direct cost C. labor cost D. raw material cost...

4. In an activity based costing implementation, the product’s diverse demand is based on _________?

   A. batch size B. complexity C. process steps D. all of above...

5. An indirect setup labor costs, costs of setup and equipment maintenance and costs of indirect material can be categorized as ______________?

   A. variable batch costs B. fixed batch costs C. variable setup costs D. fixed setup costs...

6. An implementation of activity based costing would be possible only if the accountants find ____________?

   A. goodness of each activity B. handling of each activity C. cost driver for each activity D. cost object for each activity...

7. 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...

8. 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...

9. In activity based costing system, the description of activity can be classified as __________?

   A. activity list B. activity dictionary C. active purpose D. both A and B...

10. 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...