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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. When job is very big and spread over long periods of time the method of costing adopted is……

Q. Purchase Budget has an impact on

Q. US GAAP allows FIFO, LIFO and Weighted average method to value stock?

Q. Depreciation is a ………….. Expense

Q. Direct expenses are also known as ……………..expenses.

Q. The overhead cost incurred from the stage of procurement of raw material till the stage of production of finished goods is known as…… .

Q. Classification of cost into factory cost, administrative cost, selling & distribution cost and research and development cost is done on the basis of…………...

Q. ………………is a statement showing cost of production of a particular product.

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