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Q. The amount of expenditure incurred on, or attributable to, a specified thing or an activity or cost unit is known as

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

Q. …………………….is a buffer stock level or safety stock level under which the stock should not be allowed to fall.

Q. Machine hour rate in the cost of running a machine

Q. The term……………..is defined as a system that ensures the provision of the required quantity of material of the required quality at the required time with the minimum amount of capital.

Q. …………………. Is defined on the guidance and regulation by executive action of cost operating and under taking

Q. The purchase order form is designed by

Q. A bilateral RFP is preferred to an invitation to bid when:

Q. The term………..refers to all commodities that are consumed in the process of production, assembly and fabricated parts

Q. Cost of production is also called ………………..if there is no selling and distribution expense