Wages and other benefits, provided to assembly line workers and operators of machine are classified under
A. work in process costs
B. finished costs
C. direct manufacturing labour costs
D. indirect manufacturing labour costs
Answer: Option D
A. work in process costs
B. finished costs
C. direct manufacturing labour costs
D. indirect manufacturing labour costs
Answer: Option D
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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