A unit of quantity of product, service or time, in relation to which cost may be ascertained or expressed is known as .

Related MCQs

• A location, person or item of equipment for which costs may be ascertained and used for the purposes of cost control is known as .
• Classification of cost into factory cost, administrative cost, selling & distribution cost and research and development cost is done on the basis of…………...
• 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
• In………………costing the cost of a group of products is ascertained.
• Cost unit in a college may be…………
• If the total cost of a product is Rs.25, 000/- and the sales figure is 47,000/-, then the product is in…………by Rs.22, 000/-.
• 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.
• The expenses which cannot be directly identified with a particular unit or cost centre is known as …………………...