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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. The stock level at which the storekeeper initiates purchase requisitions is known as………….

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

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.

Q. __________ is a register of suppliers invited to submit bids for goods / services as specified.

Q. ………………is a statement showing cost of production of a particular product.

Q. JIT contributed to the

Q. ………………………..is concerned with formulation and / or application of principles, methods and techniques of costing.

Q. If WIP opening stock is 10,000 units, work done in the period is 13,000 and WIP closing stock is 5,000 units. The equivalent completed unit during the period is:

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