{"id":47842,"date":"2024-04-15T22:32:38","date_gmt":"2024-04-15T22:32:38","guid":{"rendered":"https:\/\/exam.pscnotes.com\/mcq\/?p=47842"},"modified":"2024-04-15T22:32:38","modified_gmt":"2024-04-15T22:32:38","slug":"allotment-of-overhead-incurred-for-a-particular-cost-centre-to-that-specific-cost-centre-is-________","status":"publish","type":"post","link":"https:\/\/exam.pscnotes.com\/mcq\/allotment-of-overhead-incurred-for-a-particular-cost-centre-to-that-specific-cost-centre-is-________\/","title":{"rendered":"Allotment of overhead incurred for a particular cost centre to that specific cost centre is ________."},"content":{"rendered":"<p>\r\n    <!-- Check if it's an AMP page -->\r\n            <!-- Non-AMP version -->\r\n        <div class=\"mcq-container\" data-quiz-id=\"quizState_6a97119c9c9d0\">\r\n                                            <div class=\"option\" data-option-key=\"option1\" data-is-correct=\"true\">\r\n                    allocation                <\/div>\r\n                                            <div class=\"option\" data-option-key=\"option2\" data-is-correct=\"false\">\r\n                    allotment                <\/div>\r\n                                            <div class=\"option\" data-option-key=\"option3\" data-is-correct=\"false\">\r\n                    primary distribution                <\/div>\r\n                                            <div class=\"option\" data-option-key=\"option4\" data-is-correct=\"false\">\r\n                    secondary distribution                <\/div>\r\n                            \r\n            <!-- Feedback messages for non-AMP -->\r\n            <div class=\"feedback\" data-feedback=\"wrong\">Answer is Right!<\/div>\r\n            <div class=\"feedback\" data-feedback=\"right\">Answer is Wrong!<\/div>\r\n        <\/div>\r\n\r\n        <script>\r\n        document.addEventListener('DOMContentLoaded', function () {\r\n            var containers = document.querySelectorAll('.mcq-container');\r\n\r\n            containers.forEach(function(container) {\r\n                var options = container.querySelectorAll('.option');\r\n                var feedbackSelect = container.querySelector('[data-feedback=\"select\"]');\r\n                var feedbackWrong = container.querySelector('[data-feedback=\"wrong\"]');\r\n                var feedbackRight = container.querySelector('[data-feedback=\"right\"]');\r\n\r\n                options.forEach(function(option) {\r\n                    option.addEventListener('click', function() {\r\n                        var selectedOption = option.getAttribute('data-option-key');\r\n                        var isCorrect = option.getAttribute('data-is-correct') === 'true';\r\n\r\n                        \/\/ Remove previous selections\r\n                        options.forEach(function(opt) {\r\n                            opt.classList.remove('correct', 'incorrect');\r\n                        });\r\n\r\n                        \/\/ Add the correct\/incorrect class\r\n                        if (isCorrect) {\r\n                            option.classList.add('correct');\r\n                            feedbackRight.hidden = false;\r\n                            feedbackWrong.hidden = true;\r\n                        } else {\r\n                            option.classList.add('incorrect');\r\n                            feedbackRight.hidden = true;\r\n                            feedbackWrong.hidden = false;\r\n                        }\r\n\r\n                        \/\/ Hide select feedback\r\n                        feedbackSelect.hidden = true;\r\n                    });\r\n                });\r\n            });\r\n        });\r\n        <\/script>\r\n    \r\n    <!--more--><\/p>\n<p>The correct answer is: <strong>A. allocation<\/strong>.<\/p>\n<p>Allocation is the process of assigning costs to cost objects. A cost object is anything for which a separate measurement of costs is desired. Common cost objects include products, services, departments, and activities.<\/p>\n<p>There are two main types of cost allocation: direct allocation and indirect allocation. Direct allocation is the process of assigning costs that can be easily traced to a specific cost object. For example, the cost of direct materials used in a product is directly allocated to that product.<\/p>\n<p>Indirect allocation is the process of assigning costs that cannot be easily traced to a specific cost object. For example, the cost of factory overhead is indirectly allocated to products based on some allocation base, such as machine hours or direct labor hours.<\/p>\n<p>In the context of the question, the allotment of overhead incurred for a particular cost center to that specific cost center is an example of direct allocation. This is because the cost of overhead can be easily traced to the cost center that incurred it.<\/p>\n<p>The other options are incorrect because they do not accurately describe the process of allocating costs to cost objects.<\/p>\n<ul>\n<li>Option B, allotment, is the process of assigning a specific amount of money to a particular cost center. This is different from allocation, <div class=\"youtube-subscribe-container\">\r\n        <a href=\"https:\/\/www.youtube.com\/channel\/UCNHT8lW-JmLC68rjBfZhdkg?sub_confirmation=1\" target=\"_blank\" class=\"youtube-subscribe-button\">\r\n            <span class=\"youtube-icon\">\r\n  <div class=\"telegram-channel-container\">\r\n        <a href=\"https:\/\/t.me\/pscnotes2025\" target=\"_blank\" class=\"telegram-channel-button\">\r\n            <span class=\"telegram-icon\">\r\n                <svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" viewBox=\"0 0 496 512\">\r\n                    <path fill=\"white\" d=\"M248,8C111,8,0,119,0,256s111,248,248,248s248-111,248-248S385,8,248,8z M362,177L320,367c-3,14-10,18-20,14l-56-41l-27,26 c-3,3-5,5-10,5l4-63L323,196c5-5-1-7-8-3l-98,62l-42-13c-9-3-10-9,2-14l162-63C351,160,365,164,362,177z\"\/>\r\n                <\/svg>\r\n            <\/span>\r\n            Join Our Telegram Channel\r\n        <\/a>\r\n    <\/div>               <svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" viewBox=\"0 0 576 512\">\r\n                    <path d=\"M549.7 124.1c-6.3-23.7-24.8-42.3-48.3-48.6C458.8 64 288 64 288 64S117.2 64 74.6 75.5c-23.5 6.3-42 24.9-48.3 48.6-11.4 42.9-11.4 132.3-11.4 132.3s0 89.4 11.4 132.3c6.3 23.7 24.8 41.5 48.3 47.8C117.2 448 288 448 288 448s170.8 0 213.4-11.5c23.5-6.3 42-24.2 48.3-47.8 11.4-42.9 11.4-132.3 11.4-132.3s0-89.4-11.4-132.3zm-317.5 213.5V175.2l142.7 81.2-142.7 81.2z\"\/>\r\n                <\/svg>\r\n            <\/span>\r\n            Subscribe on YouTube\r\n        <\/a>\r\n    <\/div> which is the process of assigning costs to cost objects.<\/li>\n<li>Option C, primary distribution, is the first step in the process of allocating costs to cost objects. In primary distribution, costs are assigned to cost pools. A cost pool is a group of costs that are incurred for a common purpose.<\/li>\n<li>Option D, secondary distribution, is the second step in the process of allocating costs to cost objects. In secondary distribution, costs are assigned from cost pools to cost objects.<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>Subscribe on YouTube<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[952],"tags":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v22.2 (Yoast SEO v23.3) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Allotment of overhead incurred for a particular cost centre to that specific cost centre is ________.<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/exam.pscnotes.com\/mcq\/allotment-of-overhead-incurred-for-a-particular-cost-centre-to-that-specific-cost-centre-is-________\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta 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