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Q. ……………..is a method of costing in which cost are collected and accumulated for each job order

Q. A portion of work certified retained by contractee is known

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

Q. The method of costing applied in lathe is ………………….

Q. Contract costing is a basic method of …………….. costing

Q. ………… costs relate to processes and incurred after split off points

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

Q. Contract price is fixed in advance

Q. Contribution margin is also known as