….expenses are excluded from cost.

Related MCQs

• Expenses incurred during production other than direct materials and direct labour are called…………..factory expenses; those charged to production on estimated basis are called …………….
• The total of all direct expenses is known as ................... cost.
• 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.
• Selling price per unit Rs. 10; Variable cost Rs. 8 per unit; Fixed cost Rs. 20,000; Break-even production in units .