Cost Accountancy is the science, art and ……………….of a costaccountant.

Related MCQs

• …………is not the scope ofCost Accountancy.
• .........................Accounting is not only a positive science but also a normative science because it includes techniques of budgetary controland standard costing.
• Cost centre and cost unit are……………………
• …….budget may be classified into material cost budget, labour cost budget and overhead budget.
• ……….cost is irrecoverable cost.
• Inventory turnover ratio = Cost of inventory consumed during theperiod ÷ Cost of ....................................................held during the period
• ………is a technique of material cost control which leads to low carrying cost as a result of low investment in inventory
• Inventory turnover ratio = Cost of …………………..during the period ÷ Cost of average inventory held during the period.
• The cost of......................process loss is absorbed in the cost of production of good units.
• Selling price per unit Rs. 10; Variable cost Rs. 8 per unit; Fixed cost Rs. 20,000; Break-even production in units .