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Q. Units of abnormal loss is………………..in abnormal process A/c and ……………in process A/c

Q. The expenses incurred in extra work is

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

Q. Any loss over and above the normal loss is called

Q. Provision for increase in the contract price to accommodate increase in material and labour cost

Q. ……… is the difference b/w the sales and marginal cost of sale

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

Q. Contract price is the cost of work done plus a percentage

Q. The cost which remains constant with change in level of activities is called

Q. Profit planning is possible with…………costing