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Q. If beginning work in process equivalent units are 2500 units, work done in current period equivalent units are 3800 units and ending work in process equivalent units are 5000, then complete equivalent units in current period are

Q. In service cost sheet costs are classified into :

Q. Cost plus pricing means that a desired profit margin is added to total costs to arrive at the selling price.

Q. Job costing is used when a business entity carries out tasks or jobs to meet specific customer orders.

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

Q. The wages paid to maintenance department workers who do repair work principally for production departments but also on the vehicles in the distribution department should be charged as

Q. To control costs it is essential to keep control on

Q. It is possible to have abnormal loss and abnormal gain on the same process account in the same period.

Q. Operating costing system is more suitable to :

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