In contract costing payment of cash to the contractor is made on the basis of

Related MCQs

• In a contract costing payment of cash to the contract is made on the basis of …………………………. Work
• Contract costing is a basic method of …………….. costing
• In …………….. contract the contractor will get cost plus stipulated profit
• A contract in which the contractor is given the lost of work done plus a certain percentage for profit is called …………………….
• In cost-plus contract, the contractor will get costplus
• Job costing can also be called as ……………….. costing
• Marginal costing is a…………of costing
• The valuation of stock, in marginal costing, as compared to absorption costing is
• The portion of value of work that has been done by the contractor and architect or supervisor of the contractee certified that work is ………..
• The cost of work that has been done by the contractor on the closing date of account, but has not reach stipulated stages to qualify certification of architect of contractee