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Q. Joint costs are allocated according to…………value of individual products under the market value method

Q. A contract in which the contractor is given the lost of work done plus a certain percentage for profit is called …………………….

Q. During the boom period, the profits of a firm will increase at a much faster rate whose P/V ratio is,

Q. Contribution margin is also known as

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

Q. How many steps are there in job costing procedure?

Q. Break even units can also be called as ………………………

Q. For each job a …………………. Is given under job costing

Q. ……………. forms the basis on which all other budgets are built up

Q. Job costing is applied only in …………………. Concern