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

Q. Cost of leather used in shoe making is the example of direct………….

Q. …………………is the total of prime cost and factory overheads.

Q. The total of works cost and administrative overheads is known as …

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. The…………….must maintain a proper classified record of all purchases, uses and stock of materials.

Q. All workers who are directly engaged in manufacturing activity are known as ……………labour.

Q. The document prepared on receipt of materials in store is known as

Q. The cost of insurance and taxes are included in