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

Q. In a costing system, a job account is similar to a work in progress account, except that it is for one job only. In a company that specialises in jobbing work, the work in progress account is the total of all the individual job accounts.

Q. Which of the following procedure is incorrect for attributing overhead costs to cost units? I. Collecting production overhead costs by item II. Establishing cost centres III. Allocating and apportioning overhead costs to cost centres IV. Apportioning service cost centre costs to production cost centres V. Absorbing production cost centre costs into cost units

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

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

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. Job costing is a costing method applied where work is undertaken to customers’ special requirements and each order is of comparatively short duration.

Q. Which of the following statement is correct?

Q. A job is a cost unit which consists of a single order or contract.

Q. Which of the following costs of management is likely to have least control?