Material Costs of each job are determined from……………

Related MCQs

• Each job has a ..................... prepared for it that bears the job number and which is used to collect all cost data relating to job.
• Material consumed is Rs. 5,00,000 Opening stock of raw material is Rs. 50,000 and Closing stock of raw material is Rs. 25,000. What is the cost of raw material purchased?
• In................................ each job is a cost unit to which all costs are assigned.
• .......................Under marginal costing, …………… costs are treated as period costs and charged to profit and loss account for the period for which they are incured.
• Budget of indirect costs in the form of indirect wages, indirect material and indirect expenses in the factory is .
• A bill of material is prepared in case of a................................. job
• In............................................, two piece rates are set for each job.
• ……….represents that quantity of material which is normally ordered when a particular material reaches reordering level.
• Economic Batch Quantity is an important point to be determined in industries where...................... costing is employed.
• helps in ascertaining costs beforehand.