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Q. The usual method of fixing prices in a jobbing concern is cost plus pricing.

Q. The items recorded on job cost sheet would include:

Q. Cost plus pricing means that a desired profit margin is added to total costs to arrive at the selling price.

Q. A separate record must therefore be maintained to show the details of individual jobs. Such records are often known as job cost sheets or job cost cards.

Q. If beginning work in process equivalent units are 2500 units, work done in current period equivalent units are 3800 units and ending work in process equivalent units are 5000, then complete equivalent units in current period are

Q. The overhead cost for a particular job =

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

Q. A computerised job accounting system contain which of the following features:

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

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