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Q. Cost accountancy is the science, art and of cost accountant.

Q. JIT contributed to the

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

Q. …………………helps the management to eliminate inefficiencies caused by material wastage, use of obsolete machinery, improper planning etc.

Q. The aggregate of indirect material, indirect labour and indirect expenses in termed as…………….

Q. __________ defines when the work is ready for or is being used for the purpose intended and is so certified.

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

Q. If WIP opening stock is 10,000 units, work done in the period is 13,000 and WIP closing stock is 5,000 units. The equivalent completed unit during the period is:

Q. Fees paid to Architect is the example of…………...