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Q. An example of composite unit in transport costing is:

Q. The over-absorbed overhead is accounted for as an adjustment to the profit in the period, and is added to profit in the cost accounting income statement.

Q. Which of the following best describes a fixed cost? A cost which:

Q. To control costs it is essential to keep control on

Q. . Cost apportionment involves:

Q. Overhead costs may be classified according to the function of the organization as:

Q. The wages paid to maintenance department workers who do repair work principally for production departments but also on the vehicles in the distribution department should be charged as

Q. Costing is specialized branch of accounting which deals with:

Q. In job costing each job is given a unique:

Q. . Production Overheads are costs related to the production process other than direct labour and materials. They are also known as factory overheads since they are incurred inside the factory, other overheads such as selling and administrative overheads are always charged to in the period in which they are incurred