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

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. Overhead is the cost incurred in the course of making a product, providing a service or running a department, but which cannot be traced directly and in full to the product, service or department.

Q. Which of the following statement is correct?

Q. WIP in contract means:

Q. A computerised job accounting system contain which of the following features:

Q. In service costing division is an / a :

Q. Allocation is where overheads are allocated to cost centres. If a cost centre is responsible for the entire cost of an item of expenditure, the entire cost is charged directly to the cost centre.

Q. Normal loss is usually expressed as a percentage of the input units of materials.

Q. When actual loss exceeds normal loss, there is: