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Q. Operating cost is the cost incurred for providing:

Q. Indirect production costs are incurred in three main ways: • Production activities: costs arising in production departments such as fuel, depreciation, supervision • Service activities: the cost of operating non-producing departments such as materials handling, canteen • Establishment costs: general production overheads such as factory rent/rates, heating and lighting

Q. Since a by-product does not have any substantial value, there is no sense in charging it with a share of the common processing costs.

Q. If the amount of work certified is less than………of the contract price,then no profit should be taken to Profit & Loss Account.

Q. It is possible to use a job costing system to control the costs of an internal service department, such as the maintenance department and the printing department.

Q. Operating costing system is more suitable to :

Q. The overhead cost for a particular job =

Q. Profit remaining as reserve is :

Q. Which of the following is a valid classification of the salary paid to the foreman in charge of the packing department?

Q. The cost per unit manufactured in a batch is the total batch cost divided by the number of units in the batch.