Match the group of List-I with those of List-II and choose the correct answer
| List-I | List-II |
| a. Direct wages | 1. Factory expenditure |
| b. Packing | 2. Prime cost |
| c. Depreciation | 3. Sales cost |
| d. Legal expenses | 4. Office expenses |
A. a-1, b-2, c-3, d-4
B. a-2, b-3, c-1, d-4
C. a-4, b-3. c-2, d-1
D. a-2, b-3, c-4, d-1
Answer: Option B
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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