Related Posts

---

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. WIP in contract means:

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. Sub contract cost is always to be treated as ……………….to the contract.

Q. Wages paid to a labour who was engaged in production activities can be termed as.

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

Q. Costs for each job are collected on a:

Q. Abnormal loss comes with:

Q. A product with a high gross profit could be an unprofitable product.

Q. Which of the following statement is correct?