Considering dual rate method, if employees work for 8500 budgeted hours at $120 per hour and work for 9500 actual hours at $110 per hour, then total cost would be
A). $2,078,000
B). $3,078,000
C). $2,065,000
D). $3,065,000
Process in which earned revenue is related to specific revenue object, which can cannot trace it in cost effective way is known as
A). revenue allocation
B). revenue object
C). revenue increment
D). reciprocal revenue
Method which allocates cost of support department to only operating departments is called
A). indirect method
B). direct method
C). step down method
D). reciprocal method
Methods used to allocate costs of reciprocal support departments include
A). direct method
B). step down
C). reciprocal method
D). all of above
Second ranked product in incremental revenue allocation method is termed as
A). primary product
B). First incremental product
C). Second incremental product
D). Third incremental product