Related Mcqs:

1. If the budgeted direct labor hours are 3550 and direct labor cost rate is $500 per labor hour, then total direct labor cost would be __________?

   A. $1,775,000
   B. $1,675,000
   C. $1,875,000
   D. $1,975,000

2. If the budgeted direct labor hours are 4550 and direct labor cost rate is $600 per labor hour then, total direct labor cost would be _____________?

   A. $4,730,000
   B. $3,730,000
   C. $2,730,000
   D. $1,730,000

3. If the budgeted total direct labor hours are 3800 and budgeted direct labor cost is $480000, then the budgeted direct labor cost rate will be ___________?

   A. $126.32 per labor hour
   B. $128.32 per labor hour
   C. $130 per labor hour
   D. $132 per labor hour

4. If the budgeted total direct labor hours are 5500 and budgeted direct labor cost is $755000, then the budgeted direct labor cost rate is _________?

   A. $138 per labor hour
   B. $137.27 per hour
   C. $140 per labor hour
   D. $142 per labor hour

5. 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

6. 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

7. The process of assigning the direct or indirect cost to any cost object is known as ____________?

   A. cost assignment
   B. cost expectation
   C. event assignment
   D. probability assignment

8. The costing technique, in which the actual direct rates are multiplied to quantity of direct cost inputs is classified as __________?

   A. priced costing
   B. actual costing
   C. direct costing
   D. indirect costing

9. If the direct material cost is $5500 and the prime cost is $25000, then the direct manufacturing labor would be ___________?

   A. $19,500
   B. $30,500
   C. $45,500
   D. $22,500

10. If the direct material cost is $85000 and direct manufacturing labor is $25000, then prime cost would be _________?

    A. $13,500
    B. $55,600
    C. $60,000
    D. $110,000