Tag: methods of costing
Questions Related to methods of costing
Absorption costing technique is also termed as ___________________.
Cost, which is related to specific cost object and economically traceable, will be classified as ____________.
Aggregate of direct costs is known as _________.
Variable cost per unit ___________________.
The work of factory employees that can be physically associated with converting raw material into finished goods is classified as ________________.
The principle types of inventories are raw materials, ___________ and finished goods.
When factory overhead control account has an ending debit balance, factory overhead was ___________.
When _________ is used on the basis of budgeted overheads and the rate is applied to the actual base, the actual overhead expenses may be different from the charged overheads.
________ forms part of cost of production.
A flexible budget requires careful study and classification of expenses into_____________.