………………forms part of cost of production.

Related MCQs

• 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 .
• Expenses incurred during production other than direct materials and direct labour are called…………..factory expenses; those charged to production on estimated basis are called …………….
• Cost of production is equal to ……………………
• Defectives are that portion of production which can be.............................at some extra cost of re-operation.
• Production cost under marginal costing includes .
• …………does not form part of production.
• 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