As per AS-ll construction contracts, costs that may be attributable to contract activity in general and can be allocated to specific contracts include
1. insurance
2. freight
3. costs of design and technical assistance that is not directly related to a specific contract
4. manufacturing overheads
5. construction overheads
Select the correct answer:
A. 1, 3 and 5
B. 2, 3 and 4
C. 3, 4 and 5
D. 1, 2 and 3
Answer: Option A
This Question Belongs to Commerce >> Accounting
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