When …………………….is used on the basis of budgeted overheads and the rate is applied to the actual base, the actual overhead expenses may be different from the charged overheads.
A) a predetermined rate
B) actual rate method of absorption
C) both a & b
D) none of these
Correct Answer:
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Q1: In time wage system, wages are paid
Q2: Under piece rate system of wage payment,
Q3: Under Merrick's multiple piece rate system, 120%
Q4: Basis of apportionment of welfare department expenses
Q5: is the amount by which the absorbed
Q7: The per unit expense of the ……………portion
Q8: ….expenses are excluded from cost.
A)normal
B)abnormal
C)both a &
Q9: Such expenses which are included (even though
Q10: ………expenses are partly fixed and partly variable.
A)all
Q11: Unsuccessful research expenditure should be ......................... cost
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