The basis of collection of costs are:-

Related MCQs

• Certain overhead costs cannot be directly charged to a department or cost centres. The process of distribution of such overhead costs to various departments is called
• The following details have been extracted from the debtors collection records of X limited: Invoices paid in the month after sale 60% Invoices pain in the second month after sale 20% Invoices paid in the third month after sale 15% Bad debts 5% Credit sales for June to August 2014 or budgeted as follows: June Rs. 1,00,000 July Rs. 1,50,000 August Rs. 1,30,000 customers pain in the month after sale are entitled to deduct a 2% cash discount. Invoices are issued on the last day of the month. The amount budgeted to be received in September 2014 from credit sales is
• Credit and collection cost is an item of
• Which of the following costs will vary directly with the level of production
• Notional costs
• ……………….helps in ascertaining costs beforehand.
• ………..is a post mortem of past costs.
• Sunk costs are ………………. for decision-making
• Period costs charged to……………….
• Standard costs is…………………..