The primary emphasis of.......................... cost is on the planning function of management.

Related MCQs

• The budget prepared to estimate the expenditure to be incurred for planning, organizing, direction and control function of the management is .
• ……….includes financial and cost accounting, tax planning and tax accounting.
• One of the most important tools of cost planning is .
• 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
• ………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.
• …….budget may be classified into material cost budget, labour cost budget and overhead budget.