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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

When overheads absorbed are less than overheads actually incurred, there is

Question 2 of 10

Question 2 of 10

Electricity for machines is best apportioned by

Question 3 of 10

Question 3 of 10

Factory rent is best apportioned to departments on the basis of

Question 4 of 10

Question 4 of 10

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

Question 5 of 10

Question 5 of 10

Depreciation of machinery is best apportioned on the basis of

Question 6 of 10

Question 6 of 10

Charging a whole overhead to a single cost centre that caused it is

Question 7 of 10

Question 7 of 10

Service department costs reapportioned among production departments using the repeated distribution method account for

Question 8 of 10

Question 8 of 10

Charging overheads to cost centres on a fair basis is

Question 9 of 10

Question 9 of 10

Rent is best apportioned among departments on the basis of

Question 10 of 10

Question 10 of 10

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

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