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Q. ……………….is concerned with ascertainment of cost.

Q. …………………helps the management to eliminate inefficiencies caused by material wastage, use of obsolete machinery, improper planning etc.

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

Q. __________ is a written order directing the contractor to make changes according to the provisions of the contract documents.

Q. __________ is a formal invitation to submit a price for goods and / or services as specified.

Q. In the formula of Economic Order Quantity, the alphabet ‘O’ stands for………….

Q. Telephone expense is a …………………. Expense

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

Q. Direct…………..enter the product and form a part of finished product.

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