Allotment of overhead incurred for a particular cost centre to that specific cost centre is ________.
A). allocation
B). allotment
C). primary distribution
D). secondary distribution
Overhead can be classified according to function-wise as ________.
A). fixed o/h, variable o/h and semi-variable o/h
B). controllable o/h and uncontrollable o/h
C). manufacturing o/h, administration o/h and selling & distribution o/h
D). past cost and future cost
Reorder level = ________.
A). maximum level - minimum level
B). maximum consumption X maximum reorder period
C). minimum consumption x minimum reorder period
D). normal consumption X normal reorder period
Overhead is also known as ________.
A). ongoing cost
B). basic cost
C). extra cost
D). chargeable expenses
Merricks multiple piece rate system has _______.
A). two rates
B). three rates
C). four rates
D). five rates