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Q. Indirect expenses are also known as overheads.

Q. Non-production overheads might be added to the cost of the job:

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

Q. When actual loss is less than the expected (normal) loss there is:

Q. Overhead is the cost incurred in the course of making a product, providing a service or running a department, but which cannot be traced directly and in full to the product, service or department.

Q. The difference between total actual loss and normal loss is abnormal loss.

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

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

Q. A separate record must therefore be maintained to show the details of individual jobs. Such records are often known as job cost sheets or job cost cards.

Q. The normal loss is something that is unavoidable in order to get the good output. The cost of the lost units is part of the cost of obtaining the good output.