Under step method of re-apportionment of costs of service departments, the cost of last service department is apportioned only to the …………..

Related MCQs

• .......................Under marginal costing, …………… costs are treated as period costs and charged to profit and loss account for the period for which they are incured.
• Under marginal costing, stocks of finished goods and work-in-process are valued at …………….. costs only
• Given sales = 150000, Fixed costs = 30000, Profit = 40000.The variable cost is
• In................................ each job is a cost unit to which all costs are assigned.
• 1f` fixed costs decrease while variable cost per unit remains constant, the new B.E.P in relation to the old B.E.P will be .
• If fixed costs decrease while the variable cost per unit remains constant, the new contribution margin in relation to the old contribution margin will be .
• Last in first out method is suitable in times of………………
• 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