Indirect material scrap is adjusted along with ________.
A. prime cost
B. factory cost
C. labour cost
D. cost of goods sold
Answer: Option B
Solution(By Examveda Team)
Indirect material scrap is adjusted along with factory cost. Factory cost refers to the total cost required to manufacture goods. This concept is the basis for several cost accounting analyses.Related Questions on Costing
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
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
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