A. applied indirect cost
B. applied direct cost
C. incurred indirect cost
D. over allocated indirect cost
0
The budgeted annual indirect costs are divided to budgeted annual quantity of cost allocation base, to calculate ___________?
0
Total cost of producing similar products divided by number of units produced is a technique known as ____________?
A. expected indirect cost rate
B. expected direct cost rate
C. budgeted indirect cost rate
D. budgeted direct cost rate
0
The spread of over allocated overhead and under allocated overhead among work in process, finished goods and goods sold cost is classified as __________?
A. sale costing system
B. job costing system
C. price costing system
D. process costing system
0
In an accounting system, the document which supports journal entries is classified as _____________?
A. proration approach
B. appreciation approach
C. depreciation approach
D. adjusted approach
0
If an actual indirect cost incurred is $25000 and the indirect cost allocated is $23000, then the over allocated indirect cost would be ________?
A. cost document
B. priced document
C. source document
D. direct document
0
An allocation approach, in which all the overhead entries are restated using actual cost rates in place of budgeted rates is called ___________?
A. $48,000
B. −$2000
C. $2,000
D. −$48000
0
In normal costing, the manufacturing overhead allocated is also called _________?
A. unadjusted budget rate approach
B. adjusted allocation rate approach
C. unadjusted allocation rate approach
D. adjusted budget rate approach
0
If an actual manufacturing overhead costs is $225000 and actual total quantity of cost allocation base is 2500 labor hours, then the overhead rate will be __________?
A. manufacturing overhead applied
B. labor overhead applied
C. cost overhead applied
D. budget overhead applied
0
The costing and allocating situation, in which the indirect cost allocated amount is less than actually incurred amount is known as ___________?
A. $60
B. $90
C. $80
D. $70
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