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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. When the abnormal has a scrape value the net cost of abnormal loss (cost of abnormal loss minus its scrap value) is then transferred as a cost to the cost accounting income statement at the end of the accounting period.

Q. In a process costing system loss might be:

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

Q. Profit remaining as reserve is :

Q. It is possible to use a job costing system to control the costs of an internal service department, such as the maintenance department and the printing department.

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

Q. Under or over absorption is caused by the actual fixed overhead and production volume being different from those figures used to calculate the predetermined rate.

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