…………..is the system of costing under which costs are determined after they have been incurred.

Related MCQs

• Marginal costing is also known as ………………….. costing
• The ………………include all types of expenses other than direct materials and direct labour which are incurred for a particular product or job.
• The amount of expenditure incurred on, or attributable to, a specified thing or an activity or cost unit is known as
• The overhead cost incurred from the stage of procurement of raw material till the stage of production of finished goods is known as…… .
• ………. is the cost incurred in the part has no effect on future decision making
• Weighted average cost method produces different allocation of inventory costs in periodic and perpetual inventory system?
• The Technique and ………….of ascertaining the cost is known as Costing.
• The term…………………. is comprehensively used to include various aspects such as costing, cost accounting, cost control, cost audit and budgetary control.
• ………………………..is concerned with formulation and / or application of principles, methods and techniques of costing.
• Costing is a technique of……….