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Q. To control costs it is essential to keep control on

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. The sum of value of work certified and uncertified appearing in the Contract Account is called ……………..

Q. The wages paid to maintenance department workers who do repair work principally for production departments but also on the vehicles in the distribution department should be charged as

Q. Which of the following is not included in functional classification of overheads?

Q. . The cost which is to be incurred even when a business unit is closed is a.

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

Q. . Production Overheads are costs related to the production process other than direct labour and materials. They are also known as factory overheads since they are incurred inside the factory, other overheads such as selling and administrative overheads are always charged to in the period in which they are incurred

Q. What item is not included in cost accounting?

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