Cost Accounting · Quick practice · answer shown after each question
Question 1 of 10
Overhead absorption rate = budgeted overheads ÷
Question 2 of 10
Budgeted overheads GH¢40,000; budgeted labour hours 8,000. The absorption rate is
Question 3 of 10
Rent is best apportioned among departments on the basis of
Question 4 of 10
Rent is commonly apportioned between departments on the basis of
Question 5 of 10
Overheads of GH¢18,000 are apportioned on floor area: A 300 m², B 200 m², C 100 m². Department B's share is
Question 6 of 10
Canteen costs are best apportioned on the basis of
Question 7 of 10
Overheads absorbed are GH¢48,000 and actual overheads are GH¢50,000. The overheads are
Question 8 of 10
Budgeted overheads GH¢60,000; budgeted labour hours 12,000; actual hours 13,000; actual overheads GH¢62,000. Overheads are
Question 9 of 10
Budgeted overheads GH¢40,000 and budgeted machine hours 8,000. The absorption rate is
Question 10 of 10
Depreciation of machinery is best apportioned on the basis of
Questions written by OtisamLMS in the style of the WASSCE. They are not WAEC past questions.