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Q. Cost of defective materials should be……………………to costing P/L account and……………….to contract account.

Q. Job costing is used when a business entity carries out tasks or jobs to meet specific customer orders.

Q. Wages paid to a office cleaning staff who was engaged in Administration activities a can be termed as.

Q. In order to calculate a cost for each joint product, the common costs must be ________ between the joint products.

Q. The following method is an improvement over the percentage on direct labour cost method.

Q. Are the costs of opening WIP, incurred in last period and brought forward as work in progress and the costs that were incurred in the current period, treated the same way?

Q. Non-production overheads might be added to the cost of the job:

Q. An equivalent unit means ‘equal to one finished unit of output’.

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