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Q. The aggregate amount of all the items of expenses paid or payable for the particular product or service is called as

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

Q. The term…………………. is comprehensively used to include various aspects such as costing, cost accounting, cost control, cost audit and budgetary control.

Q. The cost that remains unchanged in spite of change in volume of production is known as………….

Q. Operating costing is applicable to

Q. JIT contributed to the

Q. The expenses which can be directly charged to jobs, products, processes, cost centers or cost units is termed as

Q. Purchase order is a legal binding contract only if it is

Q. When material prices fluctuate widely the method of pricing that gives a best result in

Q. Cost accounting has been developed because of………………financial accounting.