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Q. The evolution of cost accounting took place because of…………………….of financial accounting.

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

Q. Every……………of cost is divided into direct cost and indirect cost.

Q. The purchasing view of the material master is relevant at what organizational level?

Q. The objective(s) of forward purchasing is / are

Q. The ………………include all types of expenses other than direct materials and direct labour which are incurred for a particular product or job.

Q. In cost sheet the expenses on discount allowed are considered under………………overheads.

Q. In automobile industry cost unit is…………

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

Q. The average stock level is………….. units if the maximum stock level is 2475 units and the minimum stock level is 855 units.