Multiple Choice
The sum of value of work certified and uncertified appearing in the Contract Account is called ……………..
A) work in progress
B) work in process
C) work completed
D) work done.
Correct Answer:
Verified
Correct Answer:
Verified
Q1: Room/day is the cost unit used in…………………<br>A)hotels<br>B)hospital<br>C)schools<br>D)none
Q3: Contract costing is not used in one
Q4: ….is the most suitable method in a
Q5: The Profit/Volume ratio or marginal ratio expresses
Q6: Economic Batch Quantity is an important point
Q7: Economic Batch Quantity depends on...........................and…………..costs.<br>A)material, labour<br>B)set-up costs,
Q8: Warehousing cost is an item of<br>A)office overhead<br>B)distribution
Q9: Primary packing is an item of ………………<br>A)selling
Q10: Material Costs of each job are determined
Q11: In................................ each job is a cost unit