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

Related Mcqs:

1. 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

2. In incremental cost allocation method, the cost object user who is ranked second in ranking order is known as ____________?

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

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

   A. bundled cost
   B. common cost
   C. stand-alone cost
   D. incremental cost

4. According to incremental method, the party which receives the highest ranking in allocation of common cost is classified as ____________?

   A. Third incremental party
   B. second incremental party
   C. primary party
   D. First incremental party

5. 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

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. 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

8. The method of revenue allocation, which ranks products included in bundle according to predetermined criteria of management is known as _____________?

   A. step down allocation method
   B. stand-alone revenue allocation method
   C. incremental revenue allocation method
   D. revenue mix allocation method

9. A costing system, which focuses on individual activities as the particular cost object is classified as __________?

   A. activity based costing
   B. improved costing
   C. learned improvements
   D. positive effectiveness

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