The cost which is to be incurred even when a business unit is closed is a _____.
The cost which is to be incurred even when a business unit is closed is a _____.
Fire insurance of stock can be apportioned on the basis of ________.
Fire insurance of stock can be apportioned on the basis of ________.
Labour cost is the second element of ________.
Labour cost is the second element of ________.
Wages paid to a labour who was engaged in production activities can be termed as _______.
Wages paid to a labour who was engaged in production activities can be termed as _______.
Batch costing is useful to determine ________.
Batch costing is useful to determine ________.
Cost of sales plus profit is _______.
Cost of sales plus profit is _______.
Basic objective of cost accounting is ________
Basic objective of cost accounting is ________
A document which provides for the detailed cost centre and cost unit is _______.
A document which provides for the detailed cost centre and cost unit is _______.
Time keeping refers to _______.
Time keeping refers to _______.
Defectives ________.
Defectives ________.
In order to avoid the stoppage of production due to shortage of material _______.
In order to avoid the stoppage of production due to shortage of material _______.
Actual loss is more than the predetermined normal loss, it is ________.
Actual loss is more than the predetermined normal loss, it is ________.
Factory overhead can be charged on the basis of _______.
Factory overhead can be charged on the basis of _______.
Costing refers to the techniques and processes of ________.
Costing refers to the techniques and processes of ________.
Direct material is a _______.
Direct material is a _______.
Bin card is maintained by ________.
Bin card is maintained by ________.
Comparing Rowan plan and Halsey plan, it is seen that when the time saved is less than 50% of the standard time ________._
Comparing Rowan plan and Halsey plan, it is seen that when the time saved is less than 50% of the standard time ________._
The stores keeper should initiate a purchase requisition when stock reaches ________.
The stores keeper should initiate a purchase requisition when stock reaches ________.
Difference between job time and attendance time is
Difference between job time and attendance time is
operating costing is a ________.
operating costing is a ________.
EOQ stands for ________.
EOQ stands for ________.
The expenses relating to a particular process is ________.
The expenses relating to a particular process is ________.
Process cost is ascertained and recorded in ________.
Process cost is ascertained and recorded in ________.
Warehouse rent is a part of ________.
Warehouse rent is a part of ________.
Audit fess is a part of _______.
Audit fess is a part of _______.
Appropriate basis for apportionment of material handling charges is ________.
Appropriate basis for apportionment of material handling charges is ________.
In__________ the workers are paid on the basis of hourly daily,weekly rate
In__________ the workers are paid on the basis of hourly daily,weekly rate
Generally types of stores are classified into ________.
Generally types of stores are classified into ________.
Classification of cost is useful ________.
Classification of cost is useful ________.
Idle time is ________.
Idle time is ________.
Recreation expenses in factory are apportioned on the basis of ________.
Recreation expenses in factory are apportioned on the basis of ________.
In labour oriented manufacturing industry which method of overhead absorption is suitable?
In labour oriented manufacturing industry which method of overhead absorption is suitable?
Material control involves ________.
Material control involves ________.
Those cost which is incurred to prevent the labour turnover __________.
Those cost which is incurred to prevent the labour turnover __________.
Material requisition is meant for ________.
Material requisition is meant for ________.
Idle capacity of a plant refers to the difference between ________.
Idle capacity of a plant refers to the difference between ________.
Prime cost includes _______.
Prime cost includes _______.
In goods transport service the cost unit is ________.
In goods transport service the cost unit is ________.
Piece workers are paid on the basis of ________.
Piece workers are paid on the basis of ________.
GRN number refers to________.
GRN number refers to________.
Cost unit of a sugar industry can be ________.
Cost unit of a sugar industry can be ________.
Which one of the following is not considered for preparation of cost sheet?
Which one of the following is not considered for preparation of cost sheet?
The purpose of financial accounting is to provide information for ________.
The purpose of financial accounting is to provide information for ________.
Multiple costing is a technique of using two or more costing methods for ascertainment of cost by _______.
Multiple costing is a technique of using two or more costing methods for ascertainment of cost by _______.
Cost classification can be done in ________.
Cost classification can be done in ________.
Difference between attendance time and job time is _______.
Difference between attendance time and job time is _______.
Indirect material scrap is adjusted along with ________.
Indirect material scrap is adjusted along with ________.
Given that for a job standard time is 8 hrs, actual time taken is 6 hrs and the time rate is Rs 2 per hr What is the total wages under Halsey premium plan?
Given that for a job standard time is 8 hrs, actual time taken is 6 hrs and the time rate is Rs 2 per hr What is the total wages under Halsey premium plan?
Continuous stock taking is a part of ________.
Continuous stock taking is a part of ________.
Bonus under Rowan scheme is paid ________.
Bonus under Rowan scheme is paid ________.
Cost accounting concepts include all the following except ________.
Cost accounting concepts include all the following except ________.
Over time is ________.
Over time is ________.
The ascertainment of costs after they have been incurred is known as _________.
The ascertainment of costs after they have been incurred is known as _________.
Time wages are paid on the basis of ________.
Time wages are paid on the basis of ________.
The basis for the payment of cash by contractee under contract is ________.
The basis for the payment of cash by contractee under contract is ________.
Contract a/c is _______.
Contract a/c is _______.
How many rate are used to calculate wages under Taylorss differential piece rate system?
How many rate are used to calculate wages under Taylorss differential piece rate system?
Cost accounting was developed because of the _________.
Cost accounting was developed because of the _________.
Differential piece wages means _______.
Differential piece wages means _______.
Scrap is ________.
Scrap is ________.
Tender is an _______.
Tender is an _______.
Material is issued by store keeper against ________.
Material is issued by store keeper against ________.
Discarded material substances having no value is called ________.
Discarded material substances having no value is called ________.
Perpetual inventory system involves __________
Perpetual inventory system involves __________
Which of the following is an example of semi-variable cost?
Which of the following is an example of semi-variable cost?
Total of all direct costs is termed as ________.
Total of all direct costs is termed as ________.
Abnormal loss and its value are _______.
Abnormal loss and its value are _______.
Sale of defectives is reduced from ________.
Sale of defectives is reduced from ________.
Depreciation of plant and machinery is a part of ________.
Depreciation of plant and machinery is a part of ________.
Normal loss in the manufacturing process leads to _______.
Normal loss in the manufacturing process leads to _______.
The process of grouping of costs according to some common characteristics ________.
The process of grouping of costs according to some common characteristics ________.
The most important element of cost in manufacturing industries is _________.
The most important element of cost in manufacturing industries is _________.
Job costing used in ________.
Job costing used in ________.
Classification and accumulation of costs by fixed and variable costs is of special importance in ________.
Classification and accumulation of costs by fixed and variable costs is of special importance in ________.
Process costing is suitable for ________.
Process costing is suitable for ________.
FIFO is ________.
FIFO is ________.
Labour productivity can NOT be measured by comparing ________.
Labour productivity can NOT be measured by comparing ________.
Direct cost incurred can be identified with ________.
Direct cost incurred can be identified with ________.
Discarded material substances having some value is ________.
Discarded material substances having some value is ________.
Which of the following methods of stock control aims at concentrating efforts on selected items of material?
Which of the following methods of stock control aims at concentrating efforts on selected items of material?
ABC analysis is ________.
ABC analysis is ________.
Labour turnover is ______.
Labour turnover is ______.
Charging output with overhead at reasonable rate is called ________.
Charging output with overhead at reasonable rate is called ________.
___________ is the value of economic resources used as a result of producing or doing the thing costed.
___________ is the value of economic resources used as a result of producing or doing the thing costed.
Toy manufacturing industry should use _______.
Toy manufacturing industry should use _______.
LIFO method of pricing of materials is more suitable when _________.
LIFO method of pricing of materials is more suitable when _________.
Average method of pricing the material issues is useful when ___________.
Average method of pricing the material issues is useful when ___________.
Direct expenses are also called ________.
Direct expenses are also called ________.
The loss which arise in manufacturing activity on account of inherent nature of the product is ________.
The loss which arise in manufacturing activity on account of inherent nature of the product is ________.
Office and administrative expenses can be charged on the basis of _______.
Office and administrative expenses can be charged on the basis of _______.
The type of loss that should not affect cost of inventories is ________.
The type of loss that should not affect cost of inventories is ________.
Overhead cost is the total of ________.
Overhead cost is the total of ________.
Normal idle time __________.
Normal idle time __________.
According to which method of pricing issues is close to current economic values?
According to which method of pricing issues is close to current economic values?
Which of the following is NOT a selling overhead?
Which of the following is NOT a selling overhead?
Indirect material used in production is classified as ________.
Indirect material used in production is classified as ________.
Comprehensive machine hour rate includes ________.
Comprehensive machine hour rate includes ________.
Fixed cost per unit increases when _______.
Fixed cost per unit increases when _______.
Operating costing is suitable for _______.
Operating costing is suitable for _______.
Prime cost plus variable overheads is known as________.
Prime cost plus variable overheads is known as________.
Number of worker employed is used as basis for the apportionment of ________.
Number of worker employed is used as basis for the apportionment of ________.
