Related Posts

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. WIP in contract means:

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

Q. In transport service, cost sheet depreciation cost are grouped under:

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. Specific order costing methods are appropriate for organizations which produce cost units which are separately identifiable from one another.

Q. The normal loss is something that is unavoidable in order to get the good output. The cost of the lost units is part of the cost of obtaining the good output.

Q. . The cost which is to be incurred even when a business unit is closed is a.

Q. The cost of units of abnormal loss is treated as an _________ for the period, and charged as an ___________for the period

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