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Q. The branch of accounting dealing with the classification, recording, allocation, summarization and reporting of current and prospective costs is known as

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

Q. Which of the following is true for Inventory control?

Q. If the total cost of a product is Rs.25, 000/- and the sales figure is 47,000/-, then the product is in…………by Rs.22, 000/-.

Q. Definitive contract terms are spelled out in the:

Q. The following classes of costs are usually involved in inventory decisions except

Q. Cost accountancy is the science, art and of cost accountant.

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

Q. The process that may be used by an unsuccessful supplier to seek remedy for a non award of work is:

Q. __________ is based on information gathered and analyzed about demand and supply. this forecast provides a prediction of short and long term prices and the underlying reasons for those trends.