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:
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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
Q13: Average cost method of valuing material issues
Q14: Specific price method of valuing material issue
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