A statement prepared to provide detailed cost of a cost centre or cost unit is

Related MCQs

• Cost centre and cost unit are……………………
• The budget relating to ………….must be prepared first and the other budgets should be prepared in the light of that factor.
• Cost accounting provides detailed information about …………………of various products, processes, services and operations.
• The cost which is to be incurred even when a business unit is closed is a ____ cost.
• The cost of labour which is directly engaged in production work and can be conveniently identified to a job, process or cost unit is
• Batch costing is a form of specific order/job costing where the cost per unit is ascertained by _________ the total cost of a batch by the number of items produced in that batch.
• Each job has a ………….. prepared for it that bears the job number and which is used to collect all cost data relating to job.
• A cost centre is
• An important feature of a cost centre is that:
• ABC ltd. uses the following flexible budget formula to annual maintenance cost: Total cost = Rs. 6720 + Rs. 0.64 for machine hour The current month's budget is based on 20,000 hours of planned machine time. The maintenance cost included in this flexible budget for the current month is