Multiple Choice
Market price method is considered to be the best method when…………..
A) quotations have to be sent
B) prices fluctuate
C) materials are subject to natural wastage
D) none of these
Correct Answer:
Verified
Correct Answer:
Verified
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
Q8: Specific price method of valuing material issue
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
Q14: ……….costing is applicable to printers.<br>A)process<br>B)batch<br>C)multiple<br>D)job