Overheads
50 Que, 50 Marks
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1- Overhead refers to.................... *
1 point
2- Allotment of whole item of cost to a cost centre or cost unit i known as...................... *
1 point
3- Which of the following is not a method of cost absorption? *
1 point
4- Most suitable basis for apportioning insurance of machine would be............. *
1 point
5- In element-wise classification of overheads, which one of the following in not included? *
1 point
6- Overhead cost covers......................... *
1 point
7- If an item of overhead expenditure is charged specifically to a single department this would be an example of ................. *
1 point
8- Which of the following is not a production cause of idle capacity? *
1 point
9- ...........................are attributable or traceable to particular job, process, service, cost unit or cost centre. *
1 point
10- The methods of treating cost of small tools in cost accounts included:............................ *
1 point
11- The process of 'allocation' and 'apportionment' of various cost to various department or cost centres is known as ............of overheads. *
1 point
12- The arrangement of various items of overhead costs in logical groups having regard to their nature is known as.............. *
1 point
13- ..............................implies the allotment of whole items of cost to cost centres or cost units whether it may be production cost centres or service cost centres. *
1 point
14- Which of the following is "Reciprocal Service Method" for redistributing the service department cost to production departments? *
1 point
15- The process of distribution of overheads allotted to a particular department or cost centre over the units produced is called.............. *
1 point
16- Which of the following cannot be used as a base for the determination of overhead absorption rate? *
1 point
17- Secondary packing expenses are..................... *
1 point
18- The basic research cost should be treated as.................. *
1 point
19- The process of redistribution of service departments cost to production departments is called ..................of overheads. *
1 point
20- The capacity which is based on the long-term average of sales expectancy is known as:.................... *
1 point
21- Regular maintenance expenses are..................... *
1 point
22- .......................refers to the distribution of overheads cost among various cost centres on an equitable basis. *
1 point
23- Which of the following base is generally NOT adopted for the absorption of administrative overhead rate? *
1 point
24- Which of the following method can be adopted for "small tools" in cost accounting? *
1 point
25- .....................consist of items of expenses which will not vary with output but remains constant. *
1 point
26- Interest on own capital is a.......................... *
1 point
27- Which of the following is not used as a base for apportionment of administration overheads? *
1 point
28- Which of the following is NOT method of overhead absorption? *
1 point
29- If actual overheads are less than predetermined overheads then it is case of........................... *
1 point
30- Which of the following base can be adopted for calculation of absorption of administrative overhead rate? *
1 point
31- ............................refers to the use of one single or general overhead rate for the whole factory. *
1 point
32- Which of the following product cost is included in prime cost and conversion cost? *
1 point
33- Which of the following is extensively used as a base while calculating administrative overhead absorption rate? *
1 point
34- .............is used in mechanized production environment where machine time is vital and limiting factor. *
1 point
35- If actual overheads are more than predetermined overheads then it is case of................... *
1 point
36- ..............are those which vary in direct proportion to the volume of output. *
1 point
37- While making primary distribution "Insurance" will be apportioned to production departments in the ratio of................... *
1 point
38- Which of the following is a method of segregating semi-variable costs into fixed and variable costs - *
1 point
39- Rent, rates and taxes paid for the building are apportioned on the basis of- *
1 point
40- If the actual expenses fall short of the amount absorbed, it is known as - *
1 point
41- The rate used in addition to the original rate of ascertaining the profit for adjusting the under or over absorption is known as- *
1 point
42- Computation of overheads absorption rate should be based on- *
1 point
43- Which of the following is not a method of segregating semi-variabe costs into fixed and variable costs - *
1 point
44- which method of absorption of factory overheads would you suggest in a concern which produces only one uniform item of product - *
1 point
45- When allocating service department costs to production departments, which one of the following is not a method of re-distribution - *
1 point
46- Allotment of the entire costs to a cost centre or unit is known as - *
1 point
47- ..................is the process of identifying production overhead expenses with different cost centres. It is done by means of allocation and apportionment of overheads among various departments. *
1 point
48- In which of the following "Line of best fix" is drawn to find out "variable overheads" and "fixed overheads" out of "Semi-variable" Overheads? *
1 point
49- Which of the following is not a means whereby factory overheads can be charged out to production? *
1 point
50- In which of the following method cost of one service departments is redistributed to production departments only and no apportionment is made to other service departments? *
1 point
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