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

Q. …………..cost represents the increase or decrease in total cost which occurs with change in output.

Q. costing is suitable for mines, quarries, cement works etc.

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

Q. …………………is the total of prime cost and factory overheads.

Q. When material prices fluctuate widely the method of pricing that gives a best result in

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

Q. The cost of activities relating to create and stimulate demand for company’s products and to secure orders is known as……….overheads.

Q. ……………………..expenses are also called as chargeable expenses.

Q. An opportunity cost is a………..