Average unit cost for each process is calculated by dividing the ………………..by…………………

Related MCQs

• A statement prepared to provide detailed cost of a cost centre or cost unit is
• The cost of labour which is directly engaged in production work and can be conveniently identified to a job, process or cost unit is
• Inventory turnover ratio = Cost of …………………..during the period ÷ Cost of average inventory held during the period.
• In …………………..each job is a cost unit to which all costs are assigned.
• Cost centre and cost unit are……………………
• The cost which is to be incurred even when a business unit is closed is a ____ cost.
• Batch costing is a form of specific order/job costing where the cost per unit is ascertained by _________ the total cost of a batch by the number of items produced in that batch.
• In case the amount of under or over absorbed overheads is significant, this rate is calculated to adjust the amount in the cost.
• ABC ltd. uses the following flexible budget formula to annual maintenance cost: Total cost = Rs. 6720 + Rs. 0.64 for machine hour The current month's budget is based on 20,000 hours of planned machine time. The maintenance cost included in this flexible budget for the current month is
• Machine hour rate is obtained by dividing the total running expenses of a machine during a particular period by the…………