Indirect material used in production is classified as.

Related MCQs

• Budget of indirect costs in the form of indirect wages, indirect material and indirect expenses in the factory is .
• Material consumed is Rs. 5,00,000 Opening stock of raw material is Rs. 50,000 and Closing stock of raw material is Rs. 25,000. What is the cost of raw material purchased?
• Indirect material scrap is adjusted along with .
• …….budget may be classified into material cost budget, labour cost budget and overhead budget.
• Expenses incurred during production other than direct materials and direct labour are called…………..factory expenses; those charged to production on estimated basis are called …………….
• ……….represents that quantity of material which is normally ordered when a particular material reaches reordering level.
• Specific price method of valuing material issue is used when………….
• Where raw material is to pass certain stages, before it is converted into finished goods, the method of costing used is…………………
• Cost of production is equal to ……………………
• ………………forms part of cost of production.