Material, Labour and Expenses are the three important…………. of cost.

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 total of direct material, direct labour and direct expenses is known as………..
• The aggregate of indirect material, indirect labour and indirect expenses in termed as…………….
• The expenses which can be identified with and allocated to cost centers and cost units are termed as……………..
• The expenses which can be directly charged to jobs, products, processes, cost centers or cost units is termed as
• Direct expenses are also known as ……………..expenses.
• ……………………..expenses are also called as chargeable expenses.
• The ………………include all types of expenses other than direct materials and direct labour which are incurred for a particular product or job.
• Under……………… method of pricing issues, issues are valued at a price calculated by dividing the total cost of material in the stock by the total quantity of material in stock.
• The term…………………. is comprehensively used to include various aspects such as costing, cost accounting, cost control, cost audit and budgetary control.