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Q. Costing is specialized branch of accounting which deals with:

Q. A cost that is easily traceable to a cost object is known as:

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

Q. Wages paid to a labour who was engaged in production activities can be termed as.

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

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

Q. Per kilometer is an example of……………..cost unit used in transport undertakings.

Q. Costs for each job are collected on a:

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

Q. When the abnormal has a scrape value the net cost of abnormal loss (cost of abnormal loss minus its scrap value) is then transferred as a cost to the cost accounting income statement at the end of the accounting period.