In normal costing, budgeted rate is multiplied to an actual quantity, which have been used as allocation base to calculate
A. budget overhead applied
B. manufacturing overhead applied
C. labour overhead applied
D. none of above
Answer: Option B
Solution(By Examveda Team)
In normal costing, budgeted rate is multiplied to an actual quantity, which have been used as allocation base to calculate manufacturing overhead applied.Related 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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