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Q. In which type of contract, the contractee agrees to pay the cost of work done plus a percentage of overhead and profit

Q. The loss incurred on an incomplete contract is transferred to ……… account

Q. Marginal costing is a technique of

Q. In job costing each ………. Is a cost unit to which all costs are assigned

Q. Estimated profit on incomplete contract can also be called as ,……………..

Q. ……… is the difference b/w the sales and marginal cost of sale

Q. Period for which budget is prepared is called

Q. The most important criterion for distinguishing between scrap, byproduct and joint product is…………of the products

Q. In the marginal costing method, the actual amount of fixed overheads is wholly charged to

Q. Sales – variable cost = ……………………………………..