Chap 3

Chap 3

University

41 Qs

quiz-placeholder

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Chap 3

Chap 3

Assessment

Quiz

Mathematics

University

Medium

Created by

Hương Nguyễn

Used 3+ times

FREE Resource

41 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following describes a cost centre?

Units of a product or service for which costs are ascertained

Amounts of expenditure attributable to various activities

Functions or locations for which costs are ascertained and related to cost units for control purposes

A section of an organisation for which budgets are prepared and control is exercised

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following is a valid reason for calculating overhead absorption rates?

To reduce the total overhead expenditure below a predetermined level

To ensure that the total overhead expenditure does not exceed budgeted levels

To attribute overhead costs to cost units

To attribute overhead costs to cost centres

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following is known as spreading common costs over cost centres on the basis of benefit received?

Overhead absorption

Overhead apportionment

Overhead allocation

Overhead analysis

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The process of overhead apportionment is carried out so that

costs may be controlled

cost units gather overheads as they pass through cost centres

whole items of cost can be charged to cost centres

common costs are shared among cost centres

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The following information is available for the two production departments (machining and assembly) and one service department (the canteen) at Wilmslow. Machining Assembly Canteen

Budgeted overheads £15,000 £20,000 £5,500

Number of staff 30 20 5
After reapportionment of the service cost centre costs, what will be the overhead cost of the machining department cost centre?

£3,300

£17,750

£18,000

£18,300

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Media Image

A C

B D

A D

B C

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Media Image

After the re-apportionment, the total overhead cost of the packing department, to the nearest £, will be

£1,200

£9,968

£10,080

£10,160

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