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Q. Process costing is suitable for .

Q. The method of costing applied in biscuit industries is...................costing and in steel industry…............. costing.

Q. In electricity supply company uses ...................... as cost unit.

Q. Variable costs change..................................with change in output.

Q. Budget of indirect costs in the form of indirect wages, indirect material and indirect expenses in the factory is .

Q. Principle’ for preparation of working capital statement - Decrease in current asset .

Q. Selling price per unit Rs. 10; Variable cost Rs. 8 per unit; Fixed cost Rs. 20,000; Break-even production in units .

Q. Absorption costing differs from marginal costing is the .

Q. Contribution margin is also known as .

Q. Any transaction between a current account and another current account does not Affect .