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This question belongs to Commerce Costing
Costing
?

Cost of idle time arising due to non availability of raw material is _______.

Answer & Solution
Correct Answer: Option A
Cost of idle time arising due to non availability of raw material is charged to costing profit and loss account. The cost of idle facilities for reasons such as trade depression, shortage of demand, etc. should be written off to Costing Profit and Loss Account.
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