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Cost Accounting

Cost Accounting · Quick practice · answer shown after each question

Overheads

Question 1 of 10

Question 1 of 10

Under-absorption of overheads occurs when

Question 2 of 10

Question 2 of 10

Budgeted overheads are GH₵ 40,000 and budgeted machine hours are 8,000. Find the overhead absorption rate.

Question 3 of 10

Question 3 of 10

Canteen costs are best apportioned on the basis of

Question 4 of 10

Question 4 of 10

Factory rent is best apportioned to departments on the basis of

Question 5 of 10

Question 5 of 10

Budgeted overheads GH¢40,000; budgeted labour hours 8,000. The absorption rate is

Question 6 of 10

Question 6 of 10

Rent is best apportioned among departments on the basis of

Question 7 of 10

Question 7 of 10

Charging overheads to cost centres on a fair basis is

Question 8 of 10

Question 8 of 10

Budgeted overheads GH¢40,000 and budgeted machine hours 8,000. The absorption rate is

Question 9 of 10

Question 9 of 10

Overheads absorbed are GH¢48,000 and actual overheads are GH¢50,000. The overheads are

Question 10 of 10

Question 10 of 10

Over-absorption of overheads occurs when

Questions written by OtisamLMS in the style of the WASSCE. They are not WAEC past questions.