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Q. In electricity supply company uses ...................... as cost unit.

Q. Absorption costing differs from marginal costing is the .

Q. Labour budget is prepared by .

Q. Perpetual inventory system involves .

Q. The method of costing applied in biscuit industries is...................costing and in steel industry…............. costing.

Q. …………does not form part of production.

Q. Principle’ for preparation of working capital statement -Increase in current asset .

Q. LIFO method of pricing of materials is more suitable when.

Q. Indirect material scrap is adjusted along with .

Q. The budget is a .