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Q. Batch costing is similar to job costing in that each batch of similar articles is separately identifiable.

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

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

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

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

Q. Work certified in a subsequent year is always ……………… than that the in preceding year.

Q. In a process costing system loss might be:

Q. . Production Overheads are costs related to the production process other than direct labour and materials. They are also known as factory overheads since they are incurred inside the factory, other overheads such as selling and administrative overheads are always charged to in the period in which they are incurred

Q. Overhead costs may be classified according to the function of the organization as:

Q. Which of the following would not be considered as a component of 'cost' of stock?