The overhead cost incurred from the stage of procurement of raw material till the stage of production of finished goods is known as…… .

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 amount of expenditure incurred on, or attributable to, a specified thing or an activity or cost unit is known as
• ………. is the cost incurred in the part has no effect on future decision making
• The term …………….may be defined as the systematic control over the procurement of materials.
• Which is not an element of procurement management?
• There are four methods of government procurement. Which is not one of these methods?
• 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.
• Every……………of cost is divided into direct cost and indirect cost.
• ………………cost is predetermined cost for each element of cost.