Each job has a ..................... prepared for it that bears the job number and which is used to collect all cost data relating to job.

Related MCQs

• The budget relating to.................... must be prepared first and the other budgets should be prepared in the light of that factor.
• In................................ each job is a cost unit to which all costs are assigned.
• A bill of material is prepared in case of a................................. job
• Cost centre and cost unit are……………………
• …….budget may be classified into material cost budget, labour cost budget and overhead budget.
• ………is a technique of material cost control which leads to low carrying cost as a result of low investment in inventory
• Average unit cost for each process is calculated by dividing the ………………..by…………………
• The document which is prepared after receiving and inspecting material .
• ……….cost is irrecoverable cost.
• Inventory turnover ratio = Cost of inventory consumed during theperiod ÷ Cost of ....................................................held during the period