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OtisamLMS
Cost Accounting

Cost Accounting · Quick practice · answer shown after each question

Overheads

Question 1 of 10

Question 1 of 10

Overhead absorption rate = budgeted overheads ÷

Question 2 of 10

Question 2 of 10

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

Question 3 of 10

Question 3 of 10

Rent is best apportioned among departments on the basis of

Question 4 of 10

Question 4 of 10

Rent is commonly apportioned between departments on the basis of

Question 5 of 10

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

Question 6 of 10

Canteen costs are best apportioned on the basis of

Question 7 of 10

Question 7 of 10

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

Question 8 of 10

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

Question 9 of 10

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

Question 10 of 10

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.