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Q. Normal loss is ___________in the normal course of events. It is inherent in the physical and chemical reactions that take place in a process.

Q. Variable overhead is overhead that increases as more production work is done. Total variable overhead expenditure therefore depends on the volume of production. Variable overhead is usually calculated as an amount for each direct labour hour worked.

Q. The overhead cost for a particular job =

Q. The cost of abnormal loss is built into inventory.

Q. Profit remaining as reserve is :

Q. In cinema halls, composite cost unit is ________________:

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

Q. Which of the following is a valid classification of the salary paid to the foreman in charge of the packing department?

Q. Indirect expenses are also known as overheads.