Method which divides support department cost into two dimensions such as fixed and variable cost pool is classified as

A sales mix allocation method
B dual-rate cost-allocation method
C single rate cost allocation method
D quantity variance allocation method

Correct Answer: dual-rate cost-allocation method

Method which divides support department cost into two dimensions such as fixed and variable cost pool is classified as dual-rate cost-allocation method. Allocations are performed in order to create financial statements that are in compliance with the applicable accounting framework.
Bissoy MCQ
#Commerce #Costing

Related Questions

A circular swimming pool is to be filled with water. If the radius of the pool is 2m and the height of the pool is 7m, what volume of water will be required to fill the pool ?
A 88m^3
B 176m^3
C 25.14m^3
D none of these
A circular swimming pool is to be filled with water. If the radius of the pool is 2 meter and the heingt o the pool is 7m, what volume of water will be required to fill the pool π=22/7
A 88 m3
B 176 m3
C 25.14 m3
D 28 m3
Support department cost allocation method which makes no difference between variable and fixed costs is classified as
A sales mix allocation method
B dual-rate cost-allocation method
C single rate cost allocation method
D quantity variance allocation method
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A 1
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A 1
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Moyna has n chocolates, where n is an integer such that 2050. If Moyna divides the chocolates equally among 5 children, she will have 2 chocolates remaining. If she divides the chocolates among 6 children, she will have 1 chocolates remaining. How many chocolates will remain if she divides the chocolates among 7 children?
A 1
B 2
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