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Q. During the recession period, the profits of a firm will decrease at a much slower rate whose P/V ratio is,

Q. Variable cost can also be called as …………………………

Q. Abnormal gain =…………..

Q. Un avoidable loss inherent in the material

Q. When the completion stage of the contract is more than half, the profit to be credited to P/L a/c will be equal to ………………..

Q. Cost of ………… is not included in the cost of the process

Q. Average unit cost for each process is calculated by dividing ……………..by …………….

Q. Job costing can be done in conjunction with

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

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