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Q. What would be the effect of inaccurate estimation of overhead absorption rates on a Job?

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. 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. Abnormal loss comes with:

Q. Work certified in a subsequent year is always ……………… than that the in preceding year.

Q. Total costs incur in a production process, is divided by total number of output units to calculate the

Q. Allocation is where overheads are allocated to cost centres. If a cost centre is responsible for the entire cost of an item of expenditure, the entire cost is charged directly to the cost centre.

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

Q. Which of the following statement is correct?

Q. Batch costing is similar to job costing in that each batch of similar articles is separately identifiable.