moodle.telt.unsw.edu.au myUNSW Porta Wt P Quiz 1 I UNSW Moodle ome ancements Use

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moodle.telt.unsw.edu.au myUNSW Porta Wt P Quiz 1 I UNSW Moodle ome ancements User Guides Guangnan SunLogout uestion 14 Consider the following statements regarding cost allocation. i. Allocation of budgeted costs is preferred to actual cost as this minimises the possibility that ot yet answered arked out of 1,00the actions of one user department will affect the costs allocated to another user department. Flag question ii Allocation of standard budgeted rates is preferred. so the user department does not have to bear the inefficiencies of support departments. ii Knowing the standard rates in advance allows the user departments to plan their activities with greater certainty Which statement/s is/are true? Select one: i and ii O i, ii and ii ii and ii

Explanation / Answer

The correct option is " C " i.e. 1, 2 and 3 all are true

Cost allocation of standard budgeted rate is preferred, so the user department does not have to bear the inefficiency of support department . ( True )

Knowing the standard rates in advance allows the user department to plan their activities with greater certainty. ( True )

Allocation of budgeted cost is preferred to actual cost as this minimise the possibility that the action of one user department will affect the costs allocated to another user department ( true )

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