Opening stock + purchases + direct expenses – closing stock =

Related MCQs

• Expenses incurred during production other than direct materials and direct labour are called…………..factory expenses; those charged to production on estimated basis are called …………….
• Expected sales + desired closing stock – estimated opening stock = .
• 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?
• In production budget closing stock is added with .
• The total of all direct expenses is known as ................... cost.
• Direct expenses are also called .
• In production budget opening stock is deducted with .
• Stock control through stock levels and EOQ is called .
• Administration expenses are mostly……………….
• Basis of apportionment of stores service expenses is ………………..