Cost Accounting & Cost Concepts Cost Accounting & Cost Concepts Cost AccountingInstructions: Write the letter that best corresponds to your answer. Do not write on the test questions andreturn it after use. Thank you and GODBLESS!1.The support department allocation method that is the most widely used because of its simplicity is thea.step-down method.b.reciprocal allocation method.c.direct allocation method.d.sequential allocation method.Answer:cDifficulty:1Objective:3
2.The method that allocates costs by explicitly including all the services rendered among all support departments isDifficulty:2Objective:3
Get answer to your question and much more
3.Under which allocation method are one-way reciprocal support services recognized?Difficulty:2Objective:3
Get answer to your question and much more
4.The direct allocation methodDifficulty:3Objective:3
Get answer to your question and much more
5.The step-down allocation methoda.typically begins with the support department that provides the highest percentage of its total services to other support departments.b.recognizes the total amount of services that support departments provide to each other. c.allocates complete reciprocated costs. d.offers key input for outsourcing decisions.Answer:aDifficulty:3Objective:3
Cost Accounting: Chapter 7- Job Order Costing1