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WorksheetsUNIT 2 OVERHEAD
Total questions: 15
Worksheet time: 30mins
Overhead is also known as
On Cost
Off Cost
Extra Cost
Basic Cost
Factory overhead is also know as
Sundry overhead
Extra overhead
Works overhead
None of the above
Recreation Expenses in a factory are apportioned on the basis of
Material cost
Prime cost
Work cost
No of employees
Charging output with overhead at some reasonable rate is called
Allocation
Absorption
Apportionment
None of the above
Expenditure over and above prime cost is known as
Overhead
Extra Cost
Actual cost
Preliminary Expenses
Overhead is the aggregate of indirect material cost and indirect labour cost and indirect _________________
Revenue
Expenses
Stocks
None of the above
A cost is ____________if it does not change with change in activity level.
Variable cost
Fixed cost
Semi - Variable cost
None of the above
Variable cost varies in total but remains ____________ Per Unit
Constant
Fixed
Stable
All of the above
Abnormal cost is included in overhead
True
False
Odd one out
Donation
P and L on sale of assets
Labour
Abnormal Cost
Overheads can be classified the following
By Functions
By Elements
By Behaviour
All of the above
Production Overhead includes
Factory light
Office light
Sales men salary
Transportation cost to outlets of the products
Administration overhead includes
Office Light
Legal charges
Audit fees
All of the above
Allocation means charging full amount of overhead to a cost centre (Lumpsum)
True
False
"Where an item of cost is common to various cost centers, it is allotted to different cost centers proportionately on some equitable basis" this statement implies
Allocation
Apportionment
Absorption
None of the above
