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Q. A method of costing which is used to ascertain the cost of products at each stage of it’s manufacture is called

Q. The most important criterion for distinguishing between scrap, byproduct and joint product is…………of the products

Q. The cost of ……….. process loss is absorbed in the cost of production of good units

Q. Profit-volume ratio is a relationship between

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

Q. Production order costing is also known as

Q. Period for which budget is prepared is called

Q. In contract costing payment of cash to the contractor is made on the basis of

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

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