What we prepare for each job that bears the job number and which is used to collect all cost data relating to job is:

Related MCQs

• Each job has a ______ prepare for it that bears the job number and which is used to collect all cost data relating to job.
• Each job has a ………….. prepared for it that bears the job number and which is used to collect all cost data relating to job.
• In …………………..each job is a cost unit to which all costs are assigned.
• 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
• A company estimates its direct material requirements for the month of November 2014 to be Rs. 2,40,000 and the direct labour to be Rs. 1,500,00. It is the policy of the company to absorb overheads as under : Factory overheads 60% of direct wages Administrative overheads 20% of work cost Selling and distribution overheads 25% of work cost it is estimated that the selling and distribution overheads will increase by 15% in November the budgeted sales for the month of November 2014 is
• The budget relating to ………….must be prepared first and the other budgets should be prepared in the light of that factor.
• 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?