Which of these is not a Material control technique:
A. ABC Analysis
B. Fixation of raw material levels
C. Maintaining stores ledger
D. Control over slow moving and non moving items
Answer: Option C
A. ABC Analysis
B. Fixation of raw material levels
C. Maintaining stores ledger
D. Control over slow moving and non moving items
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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