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

Q. ………….. product are produced incidental to the main product

Q. When the competition stage of a contract is less than ¼ , the total expenditure on the contract is transferred to ………… account

Q. Contract price is fixed in advance

Q. In …………….. contract the contractor will get cost plus stipulated profit

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

Q. Budget control is exercised by

Q. Work in the process of completion

Q. In ………… costing separate account “ process A/C ” is kept for each process

Q. Sales – variable cost = ……………………………………..