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Q. Sub contract cost is always to be treated as ……………….to the contract.

Q. Batch costing is similar to job costing in that each batch of similar articles is separately identifiable.

Q. What would be the effect of inaccurate estimation of overhead absorption rates on a Job?

Q. The cost per unit manufactured in a batch is the total batch cost divided by the number of units in the batch.

Q. It is possible to use a job costing system to control the costs of an internal service department, such as the maintenance department and the printing department.

Q. Cost -plus- contract are undertaken for production of ……………….products.

Q. Which of the following is/are the basic object/s of job analysis?

Q. The job costing method can therefore be applied in costing batches. The only difference is that a number of items are being costed together as a single unit, instead of a single item or service.

Q. Escalation clause is generally included in case of …………..contract agreement .

Q. Which of the methods of apportionment is normally used for apportioning common costs between joint products?