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Q. Operating costing system is more suitable to :

Q. Profit remaining as reserve is :

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

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

Q. Which of the following statement is correct with regard to job costing?

Q. If the amount of work certified is less than………of the contract price,then no profit should be taken to Profit & Loss Account.

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. Costs for each job are collected on a:

Q. Which of the following costs is treated as indirect labour?

Q. Cost of defective materials should be……………………to costing P/L account and……………….to contract account.