A job is budgeted to require 3,300 productive hours after incurring 25% idle time. If the total labour cost budgeted for the job is Rs 36,300. What is the labour cost per hour( to the nearest cent)?

Basic objective of cost accounting is ________

A. tax compliance.

B. financial audit.

C. cost ascertainment.

D. profit analysis.

Process costing is suitable for ________.

A. hospitals

B. oil refing firms

C. transport firms

D. brick laying firms

Cost classification can be done in ________.

A. two ways

B. three ways

C. four ways

D. several ways

The cost which is to be incurred even when a business unit is closed is a _____.

A. imputed cost

B. historical cost

C. sunk cost

D. shutdown cost