Average cost method of valuing material issues is suitable when………….
A) prices rise
B) prices fall
C) prices fluctuate considerably
D) none of these
Correct Answer:
Verified
Q5: The ordinary trading account is a locked
Q6: Cost accounting provides data for managerial…………….
A)decision making
B)recruitment
C)retrenchment
D)none
Q7: ………costing is used in transport undertakings.
A)process
B)service
C)multiple
D)job
Q8: Sunk costs are.............................for decision-making
A)irrelevant
B)relevant
C)useful
D)none of these.
Q9: Fixed cost ...................................in the same proportion in
Q10: Administration expenses are mostly……………….
A)semi-variable
B)variable
C)fixed
D)none of these.
Q11: .....................…………is the smallest segment of activity or
Q12: Material abstract is also known as ………………
A)material
Q14: Specific price method of valuing material issue
Q15: Market price method is considered to be
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents