Expenses incurred during production other than direct materials and direct labour are called…………..factory expenses; those charged to production on estimated basis are called …………….

Related MCQs

• When …………………….is used on the basis of budgeted overheads and the rate is applied to the actual base, the actual overhead expenses may be different from the charged overheads.
• Office and administrative expenses can be charged on the basis of .
• Selling and distribution expenses can be charged on the basis of .
• Such expenses which are included (even though they are not incurred) for taking managerial decisions are called………………
• Direct cost incurred can be identified with .
• Factory overhead can be charged on the basis of -.
• The budget prepared to estimate the research and development expenditure to be incurred during a specific period is .
• When the actual loss is more than the estimated loss, the difference between the two is considered to be………..
• When actual loss is less than the estimated loss, the difference between the two is considered to be……………
• When actual loss is................than the estimated loss, the difference between the two is considered to be abnormal gain