Ascertainment of cost of the product at each process is called: -

Related MCQs

• 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
• A statement prepared to provide detailed cost of a cost centre or cost unit is
• Average unit cost for each process is calculated by dividing the ………………..by…………………
• The cost of …………..process loss is absorbed in the cost of production of good units.
• The cost of labour which is directly engaged in production work and can be conveniently identified to a job, process or cost unit is
• The process of distribution of overheads allotted to a particular department or cost center over the units produced is called:
• 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
• In inter process profits, the output of one process is transferred from one process to another not at …………….but at ……………….
• The CIMA definition of zero-based budgeting is set out below, with two blank sections. "Zero-based budgeting: A method of budgeting which requires each cost element ____________, as through the activities to which the budget relates ____________." Which combination of two phrases correctly complete the definition?
• In …………………..each job is a cost unit to which all costs are assigned.