Indirect material scrap is adjusted along with: -

Related MCQs

• An aggregate of indirect material, indirect labourand indirect expenses is called
• Classification of overheads into indirect material, indirect labour and indirect expenses come under:
• Indirect material used in production is classified as: -
• In a period Rs. 50,000 was incurred on indirect labour. In a Cost Ledger, the double entry will be:
• The following is an example of indirect labour cost
• Indirect labour costs do not include
• The total of all indirect costs is known as
• PP Ltd is preparing the production and material purchase budgets for one of their products, The SUPERX for the forthcoming year. The following information is available: Sales demand (units) 30000 Material usage per unit 7 kgs Estimated opening inventory 3500 units Required closing inventory 35% higher than opening inventory How many units of the SUPERX will need to be produced?
• …………………represents that quantity of material which is normally ordered when a particular material reaches reordering level.
• Material Usage Variance=Material Mix Variance +…………..