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

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

Q. Statement prepared to show the different elements of cost

Q. The average stock level is………….. units if the maximum stock level is 2475 units and the minimum stock level is 855 units.

Q. Machine hour rate in the cost of running a machine

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. 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. Which of the following is true for Inventory control?

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

Q. The aggregate amount of all the items of expenses paid or payable for the particular product or service is called as