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Q. In job costing the production is generally against customers …………………. but not for stock

Q. In which type of contract, the contractee agrees to pay the cost of work done plus a percentage of overhead and profit

Q. Stock of work in progress and finished goods are valued at marginal costing not include

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

Q. ……………. is the most important budget

Q. The difference between selling price and marginal cost is

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

Q. The valuation of stock, in marginal costing, as compared to absorption costing is

Q. Joint costs are allocated according to…………value of individual products under the market value method

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