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Q. …………..is the system of costing under which costs are determined after they have been incurred.

Q. Right quality means

Q. A location, person or item of equipment for which costs may be ascertained and used for the purposes of cost control is known as .

Q. Which one of the following is not included in the 5 R in purchasing?

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

Q. ………………………..is concerned with formulation and / or application of principles, methods and techniques of costing.

Q. The system of purchasing from one’s customer preferred to others is known as

Q. Marginal costing is also known as ………………….. costing

Q. Depreciation is a ………….. Expense

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