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Q. When cash ratio is …….. retention money is 13%.

Q. If the amount of work certified is less than………of the contract price,then no profit should be taken to Profit & Loss Account.

Q. IF the profit are 50% of operating cost, it is ……………. of invoice price.

Q. When there is closing work in progress, costs are shared between finished units and inventory by calculating a cost per equivalent unit.

Q. Per kilometer is an example of……………..cost unit used in transport undertakings.

Q. Normal loss comes with:

Q. Which of the following statement is correct with regard to job costing?

Q. The cost per unit manufactured in a batch is the total batch cost divided by the number of units in the batch.

Q. The relative sales value method is the most widely used method of apportioning joint costs because (ignoring the effect of further processing costs) it assumes that all products achieve the same profit margin.

Q. What would be the effect of inaccurate estimation of overhead absorption rates on a Job?