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multiple choice q, managment cost accounting 1. Transferring costs from indirect cost pools to cost objects is called A) cost allocation. B) cost control. C)

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1. Transferring costs from indirect cost pools to cost objects is called A) cost allocation. B) cost control. C) cost pool. D) cost factoring. E) cost processing. 2 A factor used to systematically link an indirect cost to a cost object is called A) a cost allocation base. B) a cost pool. C) cost assignment. D) a traceable cost. E) a non-traceable cost. 3 Which of the following includes both traced direct costs and allocated indirect costs? A) cost tracing B) cost pools C) assigned costs D) cost allocation E) cost recording 4 In general terms the process of assigning costs to a particular product or service is called A) a cost allocation system. B) a cost assignment system. C) a job costing systern. D) a process costing systern. E) a cost recording system. 6 A vrounine of individual cost items is called a 10 Place the following steps in the order suggested by the seven steps used to assign costs to individual jobs: A.Select the cost-allocation bases to use for allocating indirect costs to the job B. Compute the rate per unit of each cost-allocation base used to allocate indirect costs to the job C. Compute the total cost of the job by adding all direct and indirect costs assigned to the job D. Identify the direct costs of the job E.Compute the indirect costs allocated to the job F.Identify the indirect costs associated with each cost-allocation base G.Identify the job that is the chosen costobject A) G, F, A, B, E, D, C B) G, D, A, B, F, E, C C) G,A,F,B,E,D,C D) G,A,D,F,B,E,C E) G, D, A, F, B, E, C

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