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.

Related MCQs

• In ________ costing the cost of a group of products is ascertained.
• The method of costing applied in biscuit industries is ………….costing and in steel industry………….costing.
• Batch costing is a form of:
• A company is preparing a production budget for the next year. The following information is relevant : Budgeted sales 10,000 units Opening stock 600 units Closing stock 5% of budgeted sales The production process is such that 10% of the units produced are rejected. What is the number of units required to be produced to meet demand?
• 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?
• Economic Batch Quantity is an important point to be determined in industries where …………… costing is employed.
• Batch costing is applied in:
• Batch costing is used for which type of product?
• ………………is a technique of stock control which leads to saving of time of the management because attention is required to be paid only to some of the items rather than on all the items.
• A statement prepared to provide detailed cost of a cost centre or cost unit is