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Q. Weighted average method is same as:

Q. Direct expense are also called ……………… expenses

Q. ………………….. Cost per unit does not change with change in activity level

Q. Which of the following is not an inventory?

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

Q. Direct expense are also called ……………………. Expenses.

Q. Re-ordering level is calculated as

Q. The branch of accounting dealing with the classification, recording, allocation, summarization and reporting of current and prospective costs is known as

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

Q. …………..cost represents the increase or decrease in total cost which occurs with change in output.