………………cost is predetermined cost for each element of cost.

Related MCQs

• Classification of cost into factory cost, administrative cost, selling & distribution cost and research and development cost is done on the basis of…………...
• ……….. is the first and most important element of cost.
• 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.
• ………………………..is an element of material control
• ………………..is an important element in purchase procedure.
• Which is not an element of procurement management?
• …………..cost represents the increase or decrease in total cost which occurs with change in output.
• The expenses which can be directly charged to jobs, products, processes, cost centers or cost units is termed as
• Cost accountancy is the science, art and of cost accountant.