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Costing Methods & Techniques

Authored by Biju M

Arts

University

Costing Methods & Techniques
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5 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A budget is prepared in the terms of -------------

quantitative terms

qualitative terms

government terms

None of the option

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Work Cost can be calculated as

Direct Material+Direct Labour+Direct Exp+All Indirect Exp

Direct Material+Direct Labour+Direct Exp+Factory Cost

Prime Cost + Administration  Expenses

Factory Expenses + Admin. Expenses

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Warehouse rent is a part of 

prime cost

factory cost

distribution cost

production cost

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Retention Money is 

Value of Work Certified - Cash received

Value of Work Certified + cash received

Work-in-progress + Cash received

Contract Price +Cash received

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The three Elements of Cost are

Material, Labour, Expenses

Material, Overheads, Expenses

Fixed Cost, Variable Cost, Semi-variable Cost

None of the above

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