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Q. Cost reimbursable contracts are equivalent to:

Q. Marginal costing is also known as ………………….. costing

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

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

Q. ‘Buffer stock’ is the level of stock

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

Q. “Hedging” technique is used

Q. The total of all direct expenses is known as ………

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

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