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Q. A computerised job accounting system contain which of the following features:

Q. Wages paid to a labour who was engaged in production activities can be termed as.

Q. Identify the characteristics of services: I. Intangibility: They do not have a physical substance unlike goods. They cannot be held or seen. II. Inseparability: Consumption and creation of a service cannot be separated. Services are consumed as they are created. III. Variability: Services face the problem of maintaining consistency in the standard of output. IV. Perishability: Services cannot be stored. V. Lack of ownership: Services do not result in the transfer of property in anything.

Q. Non-production overheads might be added to the cost of the job:

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. The difference between total actual loss and normal loss is abnormal loss.

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

Q. The following method is an improvement over the percentage on direct labour cost method.

Q. In order to calculate a cost for each joint product, the common costs must be ________ between the joint products.

Q. Service costing is also called as: