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Q. The contract undertaken are completed away from the ………………premises.

Q. In Job costing a cost is calculated for each individual job, and this cost can be used to establish the profit or loss from doing the job.

Q. Job costing is a costing method applied where work is undertaken to customers’ special requirements and each order is of comparatively short duration.

Q. Costing is specialized branch of accounting which deals with:

Q. If beginning work in process equivalent units are 2500 units, work done in current period equivalent units are 3800 units and ending work in process equivalent units are 5000, then complete equivalent units in current period are

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

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

Q. A total of all the direct costs is known as

Q. . The total cost of a product will include:

Q. Indirect expenses are also known as overheads.