Where the work is undertaken to customer’s special requirements and each order is of comparatively short duration, then it is called:

Related MCQs

• Where the work is undertaken to Customers’ special requirements and each order is of comparatively short-duration, it is called…………..costing.
• 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
• If maximum consumption is 300 units per day; minimum consumption is 200 units per day; and re-order period is 8 to 10 days, then what will be the re-order level?
• For a work order, standard time and time taken are 20 hours and 15 hours respectively. Time rate being Rs. 2 per hour, total wages payable under Rowan Premium Plan will be……………….
• The work done beyond the normal work period is called: -
• These accounts are obligatory to be prepared according to the legal requirements of Companies Act and Income Tax Act.
• The requirements of a particular job are known as ……………………
• If the amount of work certified is less than………of the contract price, then no profit should be taken to Profit & Loss Account.
• The difference between fixed and variable cost has a special significance in the preparation of
• Entry under Integrated System for : Cash purchase of special materials for direct use in a job