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Q. Indirect production costs are incurred in three main ways: • Production activities: costs arising in production departments such as fuel, depreciation, supervision • Service activities: the cost of operating non-producing departments such as materials handling, canteen • Establishment costs: general production overheads such as factory rent/rates, heating and lighting

Q. All such expenses which are incurred for creating and enhancing the demands for the products are

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

Q. . Which of the following is most likely to be an allocated production overhead cost to the finishing cost centre?

Q. Sub contract cost is always to be treated as ……………….to the contract.

Q. Under or over absorption is caused by the actual fixed overhead and production volume being different from those figures used to calculate the predetermined rate.

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

Q. Which of the methods of apportionment is normally used for apportioning common costs between joint products?

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

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