The first step in a job order cost procedure is

Related MCQs

• Each job has a ………….. prepared for it that bears the job number and which is used to collect all cost data relating to job.
• Each job has a ______ prepare for it that bears the job number and which is used to collect all cost data relating to job.
• What we prepare for each job that bears the job number and which is used to collect all cost data relating to job 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.
• The cost of labour which is directly engaged in production work and can be conveniently identified to a job, process or cost unit is
• 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
• ………………….is concerned with discovery of facts concerning a job and ……………….is concerned with ascertaining the money value of a job.
• Which document is prepared to transfer material from one job to the other job?
• Under step method of re-apportionment of costs of service departments, the cost of last service department is apportioned only to the …………..