A. All labourers should be assigned different amount of work
B. All labourers should be put in different time-period
C. Those who produce above standard should receive higher wages than those producing below standard
D. Payment should be the same on a fixed standard
Answer: Option C
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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