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Q. Cost -plus- contract are undertaken for production of ……………….products.

Q. A contract is generally of ………………..duration.

Q. The point at which joint products and by-products become separately identifiable is known as:

Q. An overhead absorption rate is used to:

Q. Since a by-product does not have any substantial value, there is no sense in charging it with a share of the common processing costs.

Q. It is possible to use a job costing system to control the costs of an internal service department, such as the maintenance department and the printing department.

Q. Abnormal loss comes with:

Q. What would be the most appropriate way of apportioning depreciation costs across different manufacturing departments in a business?

Q. When the abnormal has a scrape value the net cost of abnormal loss (cost of abnormal loss minus its scrap value) is then transferred as a cost to the cost accounting income statement at the end of the accounting period.

Q. The cost of units of abnormal loss is treated as an _________ for the period, and charged as an ___________for the period