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Q. The usual method of fixing prices in a jobbing concern is cost plus pricing.

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. To control costs it is essential to keep control on

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

Q. Which of the following procedure is incorrect for attributing overhead costs to cost units? I. Collecting production overhead costs by item II. Establishing cost centres III. Allocating and apportioning overhead costs to cost centres IV. Apportioning service cost centre costs to production cost centres V. Absorbing production cost centre costs into cost units

Q. Operating costing system is more suitable to :

Q. In some cases, a company might have to pay to dispose of losses in a process. The cost of disposal represents an additional cost to the process. To reflect this in the process account the normal loss is measured at zero but the expected costs of disposal are debited to the process account.

Q. . Which of the following is not considered to be a benefit of activity-based costing?

Q. Total costs incur in a production process, is divided by total number of output units to calculate the