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Q. In………………costing the cost of a group of products is ascertained.

Q. The Economic Order Quantity (EOQ) is calculated as

Q. Non-cost items are those which are …………….. from the cost.

Q. The cost that remains unchanged in spite of change in volume of production is known as………….

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

Q. The total of works cost and administrative overheads is known as …

Q. A location, person or item of equipment for which costs may be ascertained and used for the purposes of cost control is known as .

Q. The purchase order form is designed by

Q. The system of purchasing from one’s customer preferred to others is known as

Q. ‘Buffer stock’ is the level of stock