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Q. Wages paid to a labour who was engaged in production activities can be termed as.

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

Q. Job costing is a costing method applied where work is undertaken to customers’ special requirements and each order is of comparatively short duration.

Q. A total of all the direct costs is known as

Q. Which of the following cost is also known as overhead cost or on cost:

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

Q. The point at which joint products and by-products become separately identifiable is known as:

Q. The contract undertaken are completed away from the ………………premises.

Q. In service costing division is an / a :

Q. Indirect production costs are incurred in three main ways: • Production activities: costs arising in production departments such as fuel, depreciation, supervision • Service activities: the cost of operating non-producing departments such as materials handling, canteen • Establishment costs: general production overheads such as factory rent/rates, heating and lighting