The cost of corrective action taken by the purchaser and chargeable to the supplier under the terms of the contract is:

Related MCQs

• Classification of cost into factory cost, administrative cost, selling & distribution cost and research and development cost is done on the basis of…………...
• …………………. Is defined on the guidance and regulation by executive action of cost operating and under taking
• ……………………..expenses are also called as chargeable expenses.
• 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 process that may be used by an unsuccessful supplier to seek remedy for a non award of work is:
• The Purchase…………….is a contractual document which authorizes the supplier to supply the material.
• Definitive contract terms are spelled out in the:
• The expenses which can be identified with and allocated to cost centers and cost units are termed as……………..