In………………costing the cost of a group of products is ascertained.

Related MCQs

• Classification of cost into factory cost, administrative cost, selling & distribution cost and research and development cost is done on the basis of…………...
• A unit of quantity of product, service or time, in relation to which cost may be ascertained or expressed is known as .
• A location, person or item of equipment for which costs may be ascertained and used for the purposes of cost control is known as .
• The expenses which can be directly charged to jobs, products, processes, cost centers or cost units is termed as
• 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 cost of activities relating to create and stimulate demand for company’s products and to secure orders is known as……….overheads.
• …………..cost represents the increase or decrease in total cost which occurs with change in output.
• Cost accountancy is the science, art and of cost accountant.