Q 1. Loss which unavoidable on account of inherent nature of production processes is
Q 2. The sum of value of work certified and uncertified appearing in the contract account is called
Q 3. Work which has been done but not certified is called
Q 4. The determination of EBQ is influenced by the following factors:
Q 5. Batch costing is a form of specific order/job costing where the cost per unit is ascertained by _________ the total cost of a batch by the number of items produced in that batch.
Q 6. Job Costing is suitable for
Q 7. The first step in a job order cost procedure is
Q 8. Each job has a ______ prepare for it that bears the job number and which is used to collect all cost data relating to job.
Q 9. Contract costing is specialized system of job costing applies to _____ contracts.
Q 10. The sum of value of work certified and uncertified appearing in the Contract Account is called