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Q. The cost of activities relating to create and stimulate demand for company’s products and to secure orders is known as……….overheads.

Q. ……….. is the first and most important element of cost.

Q. The Technique and ………….of ascertaining the cost is known as Costing.

Q. Average stock level can be calculated as

Q. ……………..cost is the cost of commodities supplied to an undertaking.

Q. JIT contributed to the

Q. “Hedging” technique is used

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

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

Q. The cost of direct material is termed as…………..