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Manufacturing Overhead Cost Allocation Chapter Exam

Exam Instructions:

Choose your answers to the questions and click 'Next' to see the next set of questions. You can skip questions if you would like and come back to them later with the yellow "Go To First Skipped Question" button. When you have completed the practice exam, a green submit button will appear. Click it to see your results. Good luck!

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Question 1 1. Which type of cost object focuses on the operational processes in a firm?

Question 2 2. Three main purposes for performing a cost allocation are what?

Question 3 3. An item a company wants to separately assign a cost is known as what?

Question 4 4. When a company wants to know how much money they are spending on supplies and resources, what type of cost object are they using?

Question 5 5. Identifying, accumulating, and assigning costs to a cost object is known as what?

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Question 6 6. When an accountant tracks and assigns costs, what is this called?

Question 7 7. An item a company wishes to measure separately is what?

Question 8 8. Which one is not a cost object?

Question 9 9. ____ are those items that you want to track the costs of individually.

Question 10 10. The process of gathering costs for a cost object in order for them to be assigned is known as what?

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Question 11 11. When doing a cost analysis, costs are either ____ or ____.

Question 12 12. Which type of cost object focuses on costs that are incurred outside of the actual company?

Question 13 13. One key benefit of cost allocation is to determine what for a good or service?

Question 14 14. The goal of what step is to spread cost fairly?

Question 15 15. Which one is not a term or step in cost allocation?

Manufacturing Overhead Cost Allocation Chapter Exam Instructions

Choose your answers to the questions and click 'Next' to see the next set of questions. You can skip questions if you would like and come back to them later with the yellow "Go To First Skipped Question" button. When you have completed the practice exam, a green submit button will appear. Click it to see your results. Good luck!

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