Classification of cost into factory cost, administrative cost, selling & distribution cost and research and development cost is done on the basis of…………...

Related MCQs

• Cost of production is also called ………………..if there is no selling and distribution expense
• The total of works cost and administrative overheads is known as …
• …………………is the total of prime cost and factory overheads.
• On the basis of ……………… cost can be classified into fixed and variable.
• Every……………of cost is divided into direct cost and indirect cost.
• …………………..does not deal with the accumulation, classification, analysis, allocation, summarization, interpretation, reporting and control of current and perspective costs.
• The branch of accounting dealing with the classification, recording, allocation, summarization and reporting of current and prospective costs is known as
• Proper classification and codification of various items in stores is essential for efficient…………….. .
• A purchasing operation does not contain this classification of work?
• The term…………………. is comprehensively used to include various aspects such as costing, cost accounting, cost control, cost audit and budgetary control.