……………..cost is the cost of commodities supplied to an undertaking.

Related MCQs

• Classification of cost into factory cost, administrative cost, selling & distribution cost and research and development cost is done on the basis of…………...
• costing is used in transport undertaking.
• The term………..refers to all commodities that are consumed in the process of production, assembly and fabricated parts
• 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.
• _________ is a narrative description of the work to be accomplished or resource to be supplied.
• The __________ specification describes, defines or specifies the goods / services to be supplied. Performance
• …………..cost represents the increase or decrease in total cost which occurs with change in output.
• The expenses which can be directly charged to jobs, products, processes, cost centers or cost units is termed as