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If an actual indirect cost incur is $35000 and the indirect cost allocated is $43000, then the under allocated indirect cost will be __________?
Related MCQs
If the budgeted direct labor hours are 3550 and direct labor cost rate is $500 per labor hour, then total direct labor cost would be __________?
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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 __________?
The manufacturing overhead cost allocated to individual jobs is classified as __________?
If the budgeted total direct labor hours are 5500 and budgeted direct labor cost is $755000, then the budgeted direct labor cost rate is _________?
If the budgeted total direct labor hours are 3800 and budgeted direct labor cost is $480000, then the budgeted direct labor cost rate will be __________?
A document which consists information about labor time usage, for specific job in a specific department, is known as __________?
If an overhead cost of operating a machine is $500000 for 1000 hours, then the cost allocation rate will be __________?
If the budgeted direct labor hours are 4550 and direct labor cost rate is $600 per labor hour then, total direct labor cost would be __________?
The process of assigning the direct or indirect cost to any cost object is known as __________?
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The total indirect cost in the pool by an actual quantity of cost allocation base, is used to calculate __________?
An under allocated indirect cost is also called __________?
If the budgeted annual indirect cost is $60000, budgeted annual quantity of cost allocation base is $3600, then budgeted indirect cost rate will be __________?
A document which contains information about the materials of specific product, in specific department comes under __________?
The budgeted direct labor hours are multiplied to direct labor cost rate, to calculate __________?
The budgeted total direct labor cost is divided with budgeted total direct labor, to calculate __________?
If an allocated indirect cost is $1500 and the actual incurred indirect cost is $1200, then this is classified as __________?
The budgeted annual indirect costs are divided to budgeted annual quantity of cost allocation base, to calculate __________?
Total cost of producing similar products divided by number of units produced is a technique known as __________?
The spread of over allocated overhead and under allocated overhead among work in process, finished goods and goods sold cost is classified as __________?
In an accounting system, the document which supports journal entries is classified as __________?
If an actual indirect cost incurred is $25000 and the indirect cost allocated is $23000, then the over allocated indirect cost would be ________?
An allocation approach, in which all the overhead entries are restated using actual cost rates in place of budgeted rates is called __________?
In normal costing, the manufacturing overhead allocated is also called _________?
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 __________?
The costing and allocating situation, in which the indirect cost allocated amount is less than actually incurred amount is known as __________?
In accounting system, a document which consists of all assigned cost for specific job is classified as __________?
The single or multiple units of distinct services or products are classified as _________?
An average unit cost, applicable to each similar produced unit is classified as __________?
A group of individual indirect cost item is defined as __________?
In normal costing, the situation in which the allocated amount of indirect cost is greater than the incurred cost, is considered as __________?
The term which describes the assigning of indirect cost, to any cost object is classified as __________?
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
Correct Answer:
−$8000
✔
Last Updated:
May 11, 2023