The cost of previous department is a part of ____________?

Related Mcqs:

1. The costs that are incurred in last department, where the product has been processed and will be carried to next department for further processing are called __________?

   A. partial work costs
   B. transferred-in costs
   C. transferred-out costs
   D. weighted average costs

2. The costs, which consist of interdepartmental cost allocations plus cost of support department are classified as ___________?

   A. complete reciprocal costs
   B. artificial costs
   C. operating costs
   D. flexible operating costs

3. The method which divides the support department cost into two dimensions such as fixed and variable cost pool is classified as ___________?

   A. sales mix allocation method
   B. dual-rate cost-allocation method
   C. single rate cost allocation method
   D. quantity variance allocation method

4. If the cost of indirect support labor is $5000, equipment maintenance setup cost is $7000 and machinery leasing cost is $4000 then variable fixed cost will be ___________?

   A. $16,000
   B. $12,000
   C. $18,000
   D. $21,000

5. 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%

6. 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%

7. If the total setup cost is $42000 and fixed setup cost is $17000, then the variable fixed cost would be ____________?

   A. $59,000
   B. $25,000
   C. $15,000
   D. $39,000

8. The method which allocates the cost of support department to only operating departments is called ___________?

   A. indirect method
   B. direct method
   C. step down method
   D. reciprocal method

9. The method, which allocates cost of support department for operating departments by recognizing all the mutual services provided is classified as ___________?

   A. indirect method
   B. direct method
   C. step down method
   D. reciprocal method

10. The method, which allocates the cost of support department, to operating and support departments is known as ___________?

    A. indirect method
    B. direct method
    C. step down method
    D. reciprocal method