The spread of over allocated overhead and under allocated overhead among work in process, finished goods and goods sold cost is classified as __________?

Related Mcqs:

1. An approach in which, the over allocated and under allocated is spread in, ending balance of finished goods control, is called ___________?

   A. allocation approach B. unadjusted approach C. proration approach D. adjusted approach...

2. 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...

3. The budget sales, plus target ending finished goods inventory, minus beginning finished goods inventory is equal to ___________?

   A. budget production B. planned production C. setup production D. stand by production...

4. 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...

5. If the fixed overhead allocated for actual output unit is $7500 and budgeted fixed overhead is $21000, then the production volume variance will be __________?

   A. $16,500 B. $15,500 C. $14,500 D. $13,500...

6. If fixed overhead allocated for actual output units is $36000 and the production volume variance is $7000, then budgeted fixed overhead will be __________?

   A. $43,000 B. $42,000 C. $29,000 D. $19,000...

7. The fixed overhead allocated for actual output unit is subtracted from budgeted fixed overhead to calculate _______________?

   A. budget variance B. production volume variance C. price volume variance D. cost volume variance...

8. If the fixed overhead allocated for actual output unit is $9800 and budgeted fixed overhead is $22000, then production volume variance would be _________?

   A. $31,800 B. $12,300 C. $12,200 D. $41,800...

9. If fixed overhead allocated for actual output units is $25000 and the production volume variance is $9000, then budgeted fixed overhead will be _____________?

   A. $34,000 B. $24,000 C. $16,000 D. $18,000...

10. The production units that do not meet customer specification, but can be sold to other customers as finished goods are classified as ____________?

    A. reduced work B. spoilage C. rework D. scrap...