The amount of expenditure incurred on, or attributable to, a specified thing or an activity or cost unit is known as

Related MCQs

• Classification of cost into factory cost, administrative cost, selling & distribution cost and research and development cost is done on the basis of…………...
• The overhead cost incurred from the stage of procurement of raw material till the stage of production of finished goods is known as…… .
• ………………….. Cost per unit does not change with change in activity level
• ………. is the cost incurred in the part has no effect on future decision making
• The order cost per order of an inventory is Rs. 400 with an annual carrying cost of Rs. 10 per unit. The Economic Order Quantity (EOQ) for an annual demand of 2000 units is
• The term…………………. is comprehensively used to include various aspects such as costing, cost accounting, cost control, cost audit and budgetary control.
• Every……………of cost is divided into direct cost and indirect cost.
• ………………cost is predetermined cost for each element of cost.
• A unit of quantity of product, service or time, in relation to which cost may be ascertained or expressed is known as .
• The expenses which cannot be directly identified with a particular unit or cost centre is known as …………………...