Cost reimbursable contracts are equivalent to:

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 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.
• Fixed price and incentive type contracts place responsibility for performance and financial risks associated with delay or non-performance on the:
• …………..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
• Cost accountancy is the science, art and of cost accountant.
• The expenses which can be identified with and allocated to cost centers and cost units are termed as……………..
• ……………..cost is the cost of commodities supplied to an undertaking.