If an actual indirect cost incur is $35000 and indirect cost allocated is $43000, then under allocated indirect cost will be
A. $78,000
B. -$78000
C. -$8000
D. $8,000
Answer: Option C
Solution(By Examveda Team)
Under allocated indirect cost = Actual indirect cost incur - Indirect cost allocated = $35000 - $43000 = -$8000Related Questions on Costing
Basic objective of cost accounting is ________
A. tax compliance.
B. financial audit.
C. cost ascertainment.
D. profit analysis.
Process costing is suitable for ________.
A. hospitals
B. oil refing firms
C. transport firms
D. brick laying firms
The cost which is to be incurred even when a business unit is closed is a _____.
A. imputed cost
B. historical cost
C. sunk cost
D. shutdown cost
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