Average unit cost for each process is calculated by dividing the ………………..by…………………

Related MCQs

• Selling price per unit Rs. 10; Variable cost Rs. 8 per unit; Fixed cost Rs. 20,000; Break-even production in units .
• Fixed cost Rs. 80,000; Variable cost Rs. 2 per unit; Selling price_Rs. 10 per unit; turnover required for a profit target of Rs. 60,000.
• Inventory turnover ratio = Cost of …………………..during the period ÷ Cost of average inventory held during the period.
• In................................ each job is a cost unit to which all costs are assigned.
• Cost centre and cost unit are……………………
• Machine hour rate is obtained by dividing the total running expenses of a machine during a particular period by the…………
• The cost of......................process loss is absorbed in the cost of production of good units.
• Average cost method of valuing material issues is suitable when………….
• The ratio which measures the relationship between the cost of goods sold and the amount of average inventory is
• Variable cost per unit ……….…………...