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Q. ………………………..is concerned with formulation and / or application of principles, methods and techniques of costing.

Q. Purchase…………..is to be prepared to know what to buy, what should be the quantity, quality and price.

Q. The term………..refers to all commodities that are consumed in the process of production, assembly and fabricated parts

Q. Which is not a consideration in a make or buy decision?

Q. ……………… is concerned with accounting and recording of costs.

Q. Variable cost increases

Q. ……………….covers accounts of whole business relating to all commercial transactions.

Q. Which contract type should be used by the owner on a high risk project?

Q. Wages paid to direct labour are also known as………………wages.

Q. The total of all direct expenses is known as ………