The cost of operating activity, facility or any cost object which usually shares by two or more than two users is classified as _________?

Related Mcqs:

1. The method which ranks cost object incurred by individual users, in ranking order of more responsible users is classified as ___________?

   A. bundled products allocation method
   B. variable cost allocation method
   C. stand-alone cost allocation method
   D. incremental cost allocation method

2. In an activity based cost system; an activity/unit of work or task with differentiated purposes will be classified as __________?

   A. different task
   B. purpose cost
   C. an activity
   D. an allocation cost

3. An acquisition cost of raw material is to be used in the manufacturing, and becoming a component of cost object is classified as _________?

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

4. The cost, which is related to specific cost object and economically traceable, will be classified as _________?

   A. direct cost
   B. indirect cost
   C. line cost
   D. staff cost

5. In incremental cost allocation method, the cost object user who is ranked third in ranking order is classified as ____________?

   A. First incremental user
   B. primary user
   C. secondary user
   D. second incremental user

6. The cost object user, who is ranked first in incremental cost allocation method is known as _________?

   A. First incremental user
   B. primary user
   C. secondary user
   D. second incremental user

7. To decide whether the cost is variable cost or fixed cost with respect to some specific activity depends upon ___________?

   A. units of labor
   B. unit of production
   C. time horizon
   D. units of inventory

8. The cost which is related to specific cost object and cannot be economically traceable is classified as ________?

   A. line cost
   B. staff cost
   C. direct cost
   D. indirect cost

9. The term which describes the assigning of indirect cost, to any cost object is classified as ___________?

   A. cost allocation
   B. sales tracing
   C. sales allocation
   D. cost tracing

10. The systematic way of linking group of indirect cost to a cost object is classified as ___________?

    A. linked allocation base
    B. direct allocation base
    C. indirect allocation base
    D. cost allocation base