In a normal accounting period, an allocated amount of indirect cost is $700 and

Sail E0 Webinar

Question

In a normal accounting period, an allocated amount of indirect cost is $700 and an actual amount is $800, then this can be classified as

Options:

A . under allocated indirect cost

B . over allocated direct cost

C . over allocated budget

D . under allocated budget

Answer: Option A
Answer: (a).under allocated indirect cost

Was this answer helpful ?

Next Question

Submit Solution

More Questions on This Topic :

Question 1. If an actual indirect cost incur is $35000 and the indirect cost allocated is $43000, then the under allocated indirect ....is $43000, then the under allocated indirect cost will be

Question 2. The costing technique, in which the actual direct rates are multiplied to quantity of direct cost inputs is classified a....multiplied to quantity of direct cost inputs is classified as

Question 3. If an actual manufacturing overhead costs is $225000 and actual total quantity of cost allocation base is 2500 labor hou....is 2500 labor hours, then the overhead rate will be

Question 4. If an actual manufacturing overhead costs is $485000 and actual total quantity of cost allocation base is 4500 labor hou....is 4500 labor hours, then the overhead rate would be

Question 5. In normal costing, the manufacturing overhead allocated is also called....

Question 6. An allocation approach, in which all the overhead entries are restated using actual cost rates in place of budgeted rate....actual cost rates in place of budgeted rates is called

Question 7. The procedure of assigning the direct cost to any cost abject is classified as....

Question 8. In an accounting system, the document which supports journal entries is classified as....

Question 9. If an actual indirect cost incurred is $25000 and the indirect cost allocated is $23000, then the over allocated indirec....is $23000, then the over allocated indirect cost would be

Question 10. If the budgeted cost in indirect cost pool is $144500 and total quantity of cost allocation base is $165500, then the bu....is $165500, then the budgeted indirect cost rate will be

Chapter 1 - GLOBAL STEEL SCENARIO & INDIAN STEEL INDUSTRY Part 1 : (13-04-2024) INDUSTRY AND COMPANY AWARENESS (ICA)

Direction Sense Test Part 1 Reasoning (Hindi)

Chapter 1 - RMHP / OHP / OB & BP Part 1 : (14-02-2024) GPOE

Cube & Cuboid Part 1 Reasoning (Hindi)

Data Interpretation (DI) Basic Concept Reasoning (Hindi)

Counting Figures Part 1 Counting Of Straight Lines Reasoning (Hindi)

Sail E0 free webinar Webinars

Real Numbers Part 7 Class 10 Maths

Real Numbers Part 1 Class 10 Maths

Polynomials Part 1 Class 10 Maths

GPOE / GPA Combined 1 Free Mock Test SAIL JO E-0 2024

Chapter 3.1 : INTRODUCTION Chapter 3 : Sinter Plant SAIL E0 - GPOE/GPA 2024

Chapter 2.3 : COAL HANDLING PLANT - Set 1 Chapter 2 : Coke Ovens and Coal Chemicals SAIL E0 - GPOE/GPA 2024

Chapter 1.1 : INTRODUCTION Chapter 1 : Raw Material Handling Plant SAIL E0 - GPOE/GPA 2024

DSP Combined 1 Free Revision Test SAIL JO E-0