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

Q. An equivalent unit means ‘equal to one finished unit of output’.

Q. What would be the most appropriate way of apportioning depreciation costs across different manufacturing departments in a business?

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

Q. Which of the following is a valid classification of the salary paid to the foreman in charge of the packing department?

Q. Escalation Clause aims at safeguarding the interest of the ……………….against unforeseen rise in cost.

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

Q. Since a by-product does not have any substantial value, there is no sense in charging it with a share of the common processing costs.

Q. Operating costing system is more suitable to :

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