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Q. US GAAP allows FIFO, LIFO and Weighted average method to value stock?

Q. When material prices fluctuate widely the method of pricing that gives a best result in

Q. …………..cost represents the increase or decrease in total cost which occurs with change in output.

Q. Direct Labour Cost is also known as…………

Q. The term………… is the one which is identifiable as belonging exclusively to a particular process, product, and unit.

Q. JIT contributed to the

Q. Non-cost items are those which are …………….. from the cost.

Q. A location, person or item of equipment for which costs may be ascertained and used for the purposes of cost control is known as .

Q. Consumables are treated as……………overheads in cost sheet.

Q. All workers who are directly engaged in manufacturing activity are known as ……………labour.