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Q. A cost that changes in total dollar amount with the change in the level of activity is known as:

Q. When actual loss is less than the expected (normal) loss there is:

Q. Escalation clause is generally included in case of …………..contract agreement .

Q. Abnormal loss comes with:

Q. In transport service, cost sheet depreciation cost are grouped under:

Q. . The cost which is to be incurred even when a business unit is closed is a.

Q. A separate record must therefore be maintained to show the details of individual jobs. Such records are often known as job cost sheets or job cost cards.

Q. By products are outputs from a joint process that are relatively minor in quantity and/or value.

Q. An equivalent unit means ‘equal to one finished unit of output’.

Q. The disposal cost of abnormal loss is included in the abnormal loss account and therefore in the transfer of the cost of abnormal loss to the statement of profit or loss.