A location, person or item of equipment for which costs may be ascertained and used for the purposes of cost control is known as .

Related MCQs

• ………………. May be a location, a person, or an item of equipment or group of there
• A unit of quantity of product, service or time, in relation to which cost may be ascertained or expressed is known as .
• The term…………………. is comprehensively used to include various aspects such as costing, cost accounting, cost control, cost audit and budgetary control.
• Classification of cost into factory cost, administrative cost, selling & distribution cost and research and development cost is done on the basis of…………...
• In………………costing the cost of a group of products is ascertained.
• Every……………of cost is divided into direct cost and indirect cost.
• …………………..does not deal with the accumulation, classification, analysis, allocation, summarization, interpretation, reporting and control of current and perspective costs.
• ………………cost is predetermined cost for each element of cost.
• By which means is a contractor able to control costs overruns due to changing requirements?
• Weighted average cost method produces different allocation of inventory costs in periodic and perpetual inventory system?