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

Related Mcqs:

1. The process of assigning the indirect costs to any specific cost object is known as ___________?

   A. economic cost
   B. cost tracing
   C. cost allocation
   D. non-economic costs

2. 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

3. If an actual indirect cost incur is $35000 and the indirect cost allocated is $43000, then the under allocated indirect cost will be __________?

   A. $78,000
   B. −$78000
   C. −$8000
   D. $8,000

4. 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

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. The procedure of assigning the direct cost to any cost abject is classified as ____________?

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

8. If the budgeted annual indirect cost is $85000 and budgeted annual quantity of cost allocation base is $7500, then budgeted indirect cost rate would be __________?

   A. 112.34 per piece
   B. 113.34 per piece
   C. 111.34 per piece
   D. 110.34 per piece

9. 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

10. If the budgeted indirect cost is $225 and the budgeted cost allocation base is $750 per hour, then the annual indirect cost (budgeted) would be __________?

    A. $168,750
    B. $148,570
    C. $186,750
    D. $125,680