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Q. The overhead cost incurred from the stage of procurement of raw material till the stage of production of finished goods is known as…… .

Q. Variable cost increases

Q. The total of direct material, direct labour and direct expenses is known as………..

Q. …………..is the system of costing under which costs are determined after they have been incurred.

Q. Direct expense are also called ……………………. Expenses.

Q. …………………..does not deal with the accumulation, classification, analysis, allocation, summarization, interpretation, reporting and control of current and perspective costs.

Q. The objective(s) of forward purchasing is / are

Q. Direct …………….are those which can be identified in the product and can be measured.

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

Q. Cost accounting is based on……………..figures.