When job is very big and spread over long periods of time the method of costing adopted is

Related MCQs

• The method of costing applied in biscuit industries is ………….costing and in steel industry………….costing.
• Contract costing is specialized system of job costing applies to _____ contracts.
• Batch costing is a form of specific order/job costing where the cost per unit is ascertained by _________ the total cost of a batch by the number of items produced in that batch.
• Contract costing is a specialized system of Job costing applies to:
• The method of costing used in a refinery is……………..costing.
• Each job has a ………….. prepared for it that bears the job number and which is used to collect all cost data relating to job.
• Each job has a ______ prepare for it that bears the job number and which is used to collect all cost data relating to job.
• What we prepare for each job that bears the job number and which is used to collect all cost data relating to job is:
• Which of the following is / are true with regard to the period of budget? i) the budget period depends on the nature of industry ii) master budget is prepared annually while functional budget may be for different periods iii) Basic budget is the long term budget
• Process costing is also known as……………….costing.