Which of the following describes a cost centre?

Chap 3

Quiz
•
Mathematics
•
University
•
Medium
Hương Nguyễn
Used 3+ times
FREE Resource
41 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
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
A C
B D
A D
B C
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
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
Create a free account and access millions of resources
Similar Resources on Quizizz
37 questions
Chap 1,2,3,4,5 ôn tập Final KTQT

Quiz
•
University
44 questions
TCMS: Final Vocabulary

Quiz
•
12th Grade - University
39 questions
BUDGETING WITH PROBABILITY ANALYSIS

Quiz
•
University
42 questions
Accounting test 2

Quiz
•
University
45 questions
Mathematics Quiz

Quiz
•
9th Grade - University
45 questions
6 Algebra & Mensuration

Quiz
•
6th Grade - University
40 questions
Mathematics

Quiz
•
University
36 questions
Alg1 Unit 1 Review

Quiz
•
9th Grade - University
Popular Resources on Quizizz
15 questions
Character Analysis

Quiz
•
4th Grade
17 questions
Chapter 12 - Doing the Right Thing

Quiz
•
9th - 12th Grade
10 questions
American Flag

Quiz
•
1st - 2nd Grade
20 questions
Reading Comprehension

Quiz
•
5th Grade
30 questions
Linear Inequalities

Quiz
•
9th - 12th Grade
20 questions
Types of Credit

Quiz
•
9th - 12th Grade
18 questions
Full S.T.E.A.M. Ahead Summer Academy Pre-Test 24-25

Quiz
•
5th Grade
14 questions
Misplaced and Dangling Modifiers

Quiz
•
6th - 8th Grade