Period costs charged to……………….

Related MCQs

• Certain overhead costs cannot be directly charged to a department or cost centres. The process of distribution of such overhead costs to various departments is called
• ……………………are costs which have been applied against revenue of particular accounting period.
• Which of the following is / are true with regard to the period of budget? i) the budget period depends on the nature of industry ii) master budget is prepared annually while functional budget may be for different periods iii) Basic budget is the long term budget
• Inventory turnover ratio = Cost of inventory consumed during the period ÷ Cost of ……………………held during the period
• Inventory turnover ratio = Cost of …………………..during the period ÷ Cost of average inventory held during the period.
• …………………is a budget which is updated continuously by adding a further period (a month/quarter) and deducting a corresponding earlier period.
• ………………………. is one which can be conveniently identified with and charged to a particular unit of cost.
• When …………………….is used on the basis of budgeted overheads and the rate is applied to the actual base, the actual overhead expenses may be different from the charged overheads.
• Expenses incurred during production other than direct materials and direct labour are called…………..factory expenses; those charged to production on estimated basis are called …………….
• In which method of material issues, production is charged at the recent prices?