Related Mcqs:

1. The division of all the costs related to customers on the basis of different cost allocation bases or cost drivers are called ___________?

   A. customer cost hierarchy
   B. customer profitability hierarchy
   C. treasury costing hierarchy
   D. partial costing hierarchy

2. The hierarchy which is based on different types of cost allocation and drivers, to categorize cost pool activity is classified as __________?

   A. cost hierarchy
   B. price hierarchy
   C. activity hierarchy
   D. purpose hierarchy

3. An actual quantity of cost allocation base is $56000, budgeted quantity of cost allocation base is $17000, then the variable overhead efficiency variance is ___________?

   A. $39,000
   B. $49,000
   C. $59,000
   D. $73,000

4. In dependent variable cost pool, the relationship between individual cost items and cost drivers can be classified as ___________?

   A. non homogeneous relationship
   B. homogeneous relationship
   C. an internal relationship
   D. an extreme relationship

5. In master budgeting, the cost drivers for manufacturing overhead costs are ___________?

   A. direct manufacturing labor-hours
   B. setup labor-hours
   C. budgeted labor-hours
   D. both a and b

6. If an actual quantity of cost allocation base is $48000 and budgeted quantity of cost allocation base is $28000, then variable overhead efficiency variance would be __________?

   A. $20,000
   B. $76,000
   C. $86,000
   D. $96,000

7. The method of estimation of cost function, by making the opinions and analysis about cost and cost drivers is classified as ______?

   A. conference method
   B. inference method
   C. pricing method
   D. manufacturing method

8. 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%

9. 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%

10. If the budgeted indirect cost arte is $115 and the budgeted cost allocation base is $830 per hour, then the annual indirect cost (budgeted) will be ___________?

    A. $93,450
    B. $94,560
    C. $96,450
    D. $95,450