Multiple Choice
Specific price method of valuing material issue is used when………….
A) materials are purchased for specific job or work order
B) materials are subject to natural wastage
C) prices fluctuate
D) none of these
Correct Answer:
Verified
Correct Answer:
Verified
Q3: Cost accounting provides data for managerial…………….<br>A)decision making<br>B)recruitment<br>C)retrenchment<br>D)none
Q4: Average cost method of valuing material issues
Q5: Material abstract is also known as ………………<br>A)material
Q6: ………costing is used in transport undertakings.<br>A)process<br>B)service<br>C)multiple<br>D)job
Q7: Fixed cost ...................................in the same proportion in
Q9: Administration expenses are mostly……………….<br>A)semi-variable<br>B)variable<br>C)fixed<br>D)none of these.
Q10: Sunk costs are.............................for decision-making<br>A)irrelevant<br>B)relevant<br>C)useful<br>D)none of these.
Q11: The ordinary trading account is a locked
Q12: .....................…………is the smallest segment of activity or
Q13: Cost Accountancy is the science, art and