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Q. Where raw material is to pass certain stages before it is converted into finished goods, the method of costing used is ……………………

Q. In a contract costing most of the items of cost are ……………..

Q. The method of job costing is applied

Q. If abnormal loss has any scrap value , it should be credited to

Q. ……………..budget gives different budgeted cost for different levels of activity

Q. ……………. is a budget starts from zero

Q. ………….. product are produced incidental to the main product

Q. If the contract is almost complete, the amount of profit generally transferred to profit and loss account is equal to

Q. When a contract is debited with the original cost of the plant , it should credited with ………… at the end of the year

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