The total of works cost and administrative overheads is known as …

Related MCQs

• Classification of cost into factory cost, administrative cost, selling & distribution cost and research and development cost is done on the basis of…………...
• Office overheads are also known as …………….overheads.
• …………………is the total of prime cost and factory overheads.
• The cost of activities relating to create and stimulate demand for company’s products and to secure orders is known as……….overheads.
• Consumables are treated as……………overheads in cost sheet.
• In cost sheet the expenses on discount allowed are considered under………………overheads.
• Under……………… method of pricing issues, issues are valued at a price calculated by dividing the total cost of material in the stock by the total quantity of material in stock.
• The term…………………. is comprehensively used to include various aspects such as costing, cost accounting, cost control, cost audit and budgetary control.
• Every……………of cost is divided into direct cost and indirect cost.
• …………..cost represents the increase or decrease in total cost which occurs with change in output.