The ordinary trading account is a locked storehouse of most valuable information to which cost system is the……………….

Related MCQs

• Under Merrick’s multiple piece rate system, 110% of the ordinary piece rate is given to workers whose level of performance is between……. of the standard output.
• Under Merrick’s multiple piece rate system, 120% of the ordinary piece rate is given to workers whose level of performance is between…........................of the standard output.
• Under Merrick’s multiple piece rate system, ordinary piece rate is given to workers whose level of performance is between…........................of the standard output.
• Any transaction between a current account and another current account does not Affect .
• Any transaction between a non current account and another non current account does not affect .
• In process costing, the abnormal loss is treated as .............. cost and written off to profit & loss account.
• ………is a technique of material cost control which leads to low carrying cost as a result of low investment in inventory
• Cost centre and cost unit are……………………
• ……….cost is irrecoverable cost.
• Inventory turnover ratio = Cost of inventory consumed during theperiod ÷ Cost of ....................................................held during the period