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Q. Excess of actual sales over break even sales is …………………

Q. Provision for increase in the contract price to accommodate increase in material and labour cost

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

Q. The method of job costing is applied

Q. In marginal costing stock of finished goods is valued at

Q. Cost of producing an additional unit of output is ……………

Q. In job costing each job is a ……………..to which all cost are assigned

Q. A contract in which the price is fixed in advance is a ………….. contract

Q. When variable cost per unit increases break even point ……………….

Q. Contribution margin is also known as