Sail E0 Webinar

MCQs

Total Questions : 163 | Page 8 of 17 pages
Question 71. The manufacturing overhead cost allocated to individual jobs is classified as
  1.    manufacturing overhead allocated
  2.    cost overhead applied
  3.    manufacturing overhead applied
  4.    both a and c
 Discuss Question
Answer: Option D. -> both a and c
Answer: (d).both a and c
Question 72. 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
  1.    112.34 per piece
  2.    113.34 per piece
  3.    111.34 per piece
  4.    110.34 per piece
 Discuss Question
Answer: Option B. -> 113.34 per piece
Answer: (b).113.34 per piece
Question 73. The systematic way of linking group of indirect cost to a cost object is classified as
  1.    linked allocation base
  2.    direct allocation base
  3.    indirect allocation base
  4.    cost allocation base
 Discuss Question
Answer: Option D. -> cost allocation base
Answer: (d).cost allocation base
Question 74. The costing and allocating situation, in which the indirect cost allocated amount is less than actually incurred amount is known as
  1.    over allocated budget
  2.    under allocated budget
  3.    under allocated indirect cost
  4.    over allocated direct cost
 Discuss Question
Answer: Option C. -> under allocated indirect cost
Answer: (c).under allocated indirect cost
Question 75. 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
  1.    under allocated indirect cost
  2.    over allocated direct cost
  3.    over allocated budget
  4.    under allocated budget
 Discuss Question
Answer: Option A. -> under allocated indirect cost
Answer: (a).under allocated indirect cost
Question 76. If an actual indirect cost incur is $35000 and the indirect cost allocated is $43000, then the under allocated indirect cost will be
  1.    $78,000
  2.    −$78000
  3.    −$8000
  4.    $8,000
 Discuss Question
Answer: Option C. -> −$8000
Answer: (c).−$8000
Question 77. The costing technique, in which the actual direct rates are multiplied to quantity of direct cost inputs is classified as
  1.    priced costing
  2.    actual costing
  3.    direct costing
  4.    indirect costing
 Discuss Question
Answer: Option B. -> actual costing
Answer: (b).actual costing
Question 78. 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
  1.    $60
  2.    $90
  3.    $80
  4.    $70
 Discuss Question
Answer: Option B. -> $90
Answer: (b).$90
Question 79. If an actual manufacturing overhead costs is $485000 and actual total quantity of cost allocation base is 4500 labor hours, then the overhead rate would be
  1.    109.87
  2.    $107.78
  3.    $106.56
  4.    $104.34
 Discuss Question
Answer: Option B. -> $107.78
Answer: (b).$107.78
Question 80. In normal costing, the manufacturing overhead allocated is also called
  1.    manufacturing overhead applied
  2.    labor overhead applied
  3.    cost overhead applied
  4.    budget overhead applied
 Discuss Question
Answer: Option A. -> manufacturing overhead applied
Answer: (a).manufacturing overhead applied

Latest Videos
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

Latest Test Papers

Pie Chart - Test Paper 1 Data Interpretation Reasoning & DI
Tabulation - Test Paper 2 Data Interpretation Reasoning & DI
Test Paper 1 Direction Sense Test Reasoning & DI
ICA , RDIC,GFM Free Modal Test Paper - Non - Technical Branch Old Syllabus 2022 - SAIL Junior Officer E0
GFM Combined 1 Free Revision Test SAIL JO E-0