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Higher Accounting - Overheads

Authored by Chantelle Scott

Fun, Other

4th Grade

Used 73+ times

Higher Accounting - Overheads
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44 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Media Image

What is the best description of overheads?

Indirect costs which are not easily identifiable in a product
Indirect costs which are easily identifiable in a product
Direct costs which are not easily identifiable in a product
Direct costs which are easily identifiable in a product

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Media Image

What is NOT an example of an overhead cost?

Rent of premises
Power costs
Direct materials
Depreciation

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Media Image

What is NOT an example of an overhead cost?

Insurance of vans

Administration costs

Canteen costs

Piece rate labour costs

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is being described here? A department or area of the business which costs be gathered from or charged to.

Cost centre
Cost unit
Direct centre
Direct unit

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

There are two types of cost centre found in an Overhead Analysis Statement. Which two below are correct?

Direct and indirect cost centres
Production and service cost centres
Unit and total cost centres
Maintenance and Mixing cost centres

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The allotment of whole items of overhead costs to a cost centre is called .....

Allocation of overheads
Under-absorption of overheads
Over-absorption of overheds
Analysis of overheads

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The term for the sharing out of overheads among cost centres on a fair and equitable basis is called .....

Allocation 
Division
Apportionment
Recovery

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