Cost Accounting Quiz-6

Which of the following is not the component of Total Cost?

Unit costing is also known as:

The process of classifying, recording and appropriate allocation of expenditure for the determination of the costs of products or services; the relation of these costs to sales values; and the ascertainment of profitability is known as:

Any part of the organization to which revenues and cost can be assigned and profitability can be ascertained:

The process of achieving real and permanent reduction in the unit cost without reduction in the quality or suitability is called:

Verification of cost accounts to check their adherence to the cost accounting principles, plans, procedures and objectives is called:

A sheet which brings together different costs in respect of a cost Centre or a cost unit under various heads like prime cost, works cost, etc. is known as:

A component of cost which includes all direct costs is:

Which of the following is not recorded in Cost Sheet?

Which products are used in the form they are manufactured without any further value addition?