Indirect materials can be apportioned on the basis of ________.
A. direct material
B. prime cost
C. direct labour hour
D. machine hour
Answer: Option A
Solution(By Examveda Team)
Indirect materials can be apportioned on the basis of direct material. Indirect materials are materials used in the production process, but which cannot be linked to a specific product or job.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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