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Q. Direct expenses are also known as ……………..expenses.

Q. The order cost per order of an inventory is Rs. 400 with an annual carrying cost of Rs. 10 per unit. The Economic Order Quantity (EOQ) for an annual demand of 2000 units is

Q. ……………………..expenses are also called as chargeable expenses.

Q. If cost of sales exceeds sales it will be

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

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

Q. The overhead cost incurred from the stage of procurement of raw material till the stage of production of finished goods is known as…… .

Q. “Hedging” technique is used

Q. ……………….covers accounts of whole business relating to all commercial transactions.

Q. The __________ specification describes, defines or specifies the goods / services to be supplied. Performance