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UNIT 2 OVERHEAD

Total questions: 15

Worksheet time: 30mins

Name
Class
Date
1.

Overhead is also known as

a)

On Cost

b)

Off Cost

c)

Extra Cost

d)

Basic Cost

2.

Factory overhead is also know as

a)

Sundry overhead

b)

Extra overhead

c)

Works overhead

d)

None of the above

3.

Recreation Expenses in a factory are apportioned on the basis of

a)

Material cost

b)

Prime cost

c)

Work cost

d)

No of employees

4.

Charging output with overhead at some reasonable rate is called

a)

Allocation

b)

Absorption

c)

Apportionment

d)

None of the above

5.

Expenditure over and above prime cost is known as

a)

Overhead

b)

Extra Cost

c)

Actual cost

d)

Preliminary Expenses

6.

Overhead is the aggregate of indirect material cost and indirect labour cost and indirect _________________

a)

Revenue

b)

Expenses

c)

Stocks

d)

None of the above

7.

A cost is ____________if it does not change with change in activity level.

a)

Variable cost

b)

Fixed cost

c)

Semi - Variable cost

d)

None of the above

8.

Variable cost varies in total but remains ____________ Per Unit

a)

Constant

b)

Fixed

c)

Stable

d)

All of the above

9.

Abnormal cost is included in overhead

a)

True

b)

False

10.

Odd one out

a)

Donation

b)

P and L on sale of assets

c)

Labour

d)

Abnormal Cost

11.

Overheads can be classified the following

a)

By Functions

b)

By Elements

c)

By Behaviour

d)

All of the above

12.

Production Overhead includes

a)

Factory light

b)

Office light

c)

Sales men salary

d)

Transportation cost to outlets of the products

13.

Administration overhead includes

a)

Office Light

b)

Legal charges

c)

Audit fees

d)

All of the above

14.

Allocation means charging full amount of overhead to a cost centre (Lumpsum)

a)

True

b)

False

15.

"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

a)

Allocation

b)

Apportionment

c)

Absorption

d)

None of the above