Tender is an _______.
A. estimation of profit
B. estimation of cost
C. estimation of selling price
D. estimation of units
Answer: Option C
A. estimation of profit
B. estimation of cost
C. estimation of selling price
D. estimation of units
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
Direct labour cost is also called as _____________
(a)On cost
(b) Burden cost
(c) Direct wages
(d) All the above