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Q. The following method is an improvement over the percentage on direct labour cost method.

Q. Wages paid to a office cleaning staff who was engaged in Administration activities a can be termed as.

Q. Retention money serves as a ………with the contractee.

Q. Which of the following best describes a fixed cost? A cost which:

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. Cost -plus- contract are undertaken for production of ……………….products.

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

Q. Cost plus pricing means that a desired profit margin is added to total costs to arrive at the selling price.

Q. When there is closing work in progress (WIP) the concept of _________ is used.

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