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Q. The relative sales value method is the most widely used method of apportioning joint costs because (ignoring the effect of further processing costs) it assumes that all products achieve the same profit margin.

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

Q. If it is assumed that all losses in process occur at the end of the process, units of abnormal loss are costed in exactly the same way in the as units of finished output.

Q. Which of the following best describes a fixed cost? A cost which:

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. If the normal loss has no scrap value it is given a nil value.

Q. Which of the following calculate the actual cost of product:

Q. Overhead is actually the total of:

Q. Which of the following costs of management is likely to have least control?

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