61.
Expenditure incurred on material, labour, machinery, production and inspection are summed up to find the

63.
Which of the following statement is not correct?

66.
Match the following.
List-I List-II
a. MCV 1. SP (RSQ - AQ)
b. MPV 2. SP (SQ - AQ)
c. MUV 3. AQ consumed (SP - AP)
d. MMV 4. SC - AC

67.
Which of the following statement is incorrect?

68.
Match the following.
List-I List-II
a. Variable costing 1. Absorption costing
b. Valuation of stock is higher 2. Fixed cost is excluded from inventory valuation
c. Marginal and differential costs are same 3. Marginal costing
d. Marginal costing 4. No change in fixed cost

69.
When calculating cost variances under a standard costing system we must

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