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Q. When the abnormal has a scrape value the net cost of abnormal loss (cost of abnormal loss minus its scrap value) is then transferred as a cost to the cost accounting income statement at the end of the accounting period.

Q. Overhead is actually the total of:

Q. . The total cost of a product will include:

Q. In a process costing system loss might be:

Q. Operating costing system is more suitable to :

Q. The stage of production at which separate products are identified is known as _______________:

Q. The cost of abnormal loss is built into inventory.

Q. Retention money serves as a ………with the contractee.

Q. If beginning work in process equivalent units are 2500 units, work done in current period equivalent units are 3800 units and ending work in process equivalent units are 5000, then complete equivalent units in current period are

Q. A job costing system is usually based on absorption costing principles, and in addition a cost is included for non-production overheads.