Which of the following describes a cost centre?

Chap 3

Quiz
•
Mathematics
•
University
•
Medium
Hương Nguyễn
Used 3+ times
FREE Resource
41 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Units of a product or service for which costs are ascertained
Amounts of expenditure attributable to various activities
Functions or locations for which costs are ascertained and related to cost units for control purposes
A section of an organisation for which budgets are prepared and control is exercised
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of the following is a valid reason for calculating overhead absorption rates?
To reduce the total overhead expenditure below a predetermined level
To ensure that the total overhead expenditure does not exceed budgeted levels
To attribute overhead costs to cost units
To attribute overhead costs to cost centres
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of the following is known as spreading common costs over cost centres on the basis of benefit received?
Overhead absorption
Overhead apportionment
Overhead allocation
Overhead analysis
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
The process of overhead apportionment is carried out so that
costs may be controlled
cost units gather overheads as they pass through cost centres
whole items of cost can be charged to cost centres
common costs are shared among cost centres
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
The following information is available for the two production departments (machining and assembly) and one service department (the canteen) at Wilmslow. Machining Assembly Canteen
Budgeted overheads £15,000 £20,000 £5,500
Number of staff 30 20 5
After reapportionment of the service cost centre costs, what will be the overhead cost of the machining department cost centre?
£3,300
£17,750
£18,000
£18,300
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
A C
B D
A D
B C
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
After the re-apportionment, the total overhead cost of the packing department, to the nearest £, will be
£1,200
£9,968
£10,080
£10,160
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