In normal costing, situation in which allocated amount of indirect cost is greater than incurred cost, is considered as?

Question

In normal costing, situation in which allocated amount of indirect cost is greater than incurred cost, is considered as?

incurred indirect cost
over allocated indirect cost
applied indirect cost
applied direct cost

LohaHridoy

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2025-01-04 04:42

1 Answers

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AhmedNazir · Accepted Answer · 2022-09-01T13:21:41+06:00

AhmedNazir

Answer: Option 2

In normal costing, situation in which allocated amount of indirect cost is greater than incurred cost, is considered as over allocated indirect cost. Indirect costs are usually grouped into common pools and charged to benefiting objectives through an allocation process/indirect cost rate.

5 views Answered 2022-09-01 13:21