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MCQs

Total Questions : 146 | Page 9 of 15 pages
Question 81. The method, which allocates cost of support department for operating departments by recognizing all the mutual services provided is classified as
  1.    indirect method
  2.    direct method
  3.    step down method
  4.    reciprocal method
 Discuss Question
Answer: Option D. -> reciprocal method
Answer: (d).reciprocal method
Question 82. The approaches to allocate costs of support department do not include
  1.    sales mix allocation method
  2.    dual-rate cost-allocation method
  3.    single rate cost allocation method
  4.    both b and c
 Discuss Question
Answer: Option D. -> both b and c
Answer: (d).both b and c
Question 83. The package which consists of two or more products to be sold for single price, but components of products in package have separate stand-alone price is called
  1.    step down product
  2.    dual mix product
  3.    bundled product
  4.    reciprocal product
 Discuss Question
Answer: Option C. -> bundled product
Answer: (c).bundled product
Question 84. The method, which allocates the cost of support department, to operating and support departments is known as
  1.    indirect method
  2.    direct method
  3.    step down method
  4.    reciprocal method
 Discuss Question
Answer: Option C. -> step down method
Answer: (c).step down method
Question 85. In incremental cost allocation method, the cost object user who is ranked second in ranking order is known as
  1.    First incremental user
  2.    primary user
  3.    secondary user
  4.    second incremental user
 Discuss Question
Answer: Option A. -> First incremental user
Answer: (a).First incremental user
Question 86. The second ranked product in incremental revenue allocation method is termed as
  1.    primary product
  2.    First incremental product
  3.    Second incremental product
  4.    Third incremental product
 Discuss Question
Answer: Option B. -> First incremental product
Answer: (b).First incremental product
Question 87. Considering dual rate method, if employees work for 8500 budgeted hours at $120 per hour, and work for 9500 actual hours at $110 per hour, then the total cost would be
  1.    $2,078,000
  2.    $3,078,000
  3.    $2,065,000
  4.    $3,065,000
 Discuss Question
Answer: Option C. -> $2,065,000
Answer: (c).$2,065,000
Question 88. The process in which earned revenue is related to specific revenue object, which can cannot trace it in cost effective way is known as
  1.    revenue allocation
  2.    revenue object
  3.    revenue increment
  4.    reciprocal revenue
 Discuss Question
Answer: Option A. -> revenue allocation
Answer: (a).revenue allocation
Question 89. The methods used to allocate costs of reciprocal support departments include
  1.    direct method
  2.    step down
  3.    reciprocal method
  4.    all of above
 Discuss Question
Answer: Option D. -> all of above
Answer: (d).all of above
Question 90. The method which allocates the cost of support department to only operating departments is called
  1.    indirect method
  2.    direct method
  3.    step down method
  4.    reciprocal method
 Discuss Question
Answer: Option B. -> direct method
Answer: (b).direct method

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