Tender is an _______.
A. estimation of profit
B. estimation of cost
C. estimation of selling price
D. estimation of units
Answer: Option C
Solution (By Examveda Team)
Tender is an estimation of selling price. Tender is used in response to Request for tender.Join The Discussion
Comments (1)
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
Direct labour cost is also called as _____________
(a)On cost
(b) Burden cost
(c) Direct wages
(d) All the above