Where raw material is to pass certain stages, before it is converted i – McqOptions

MCQOPTIONS

1.	Where raw material is to pass certain stages, before it is converted into finished goods, the method of costing used is
A.	job costing
B.	operating costing
C.	process costing
D.	both b and c
Answer» D. both b and c

Discussion

No Comment Found

Related MCQs

.includes financial and cost accounting, tax planning and tax accounting.
Cost Accounting has been developed becauseof .........................of Financial Accounting.
The ordinary trading account is a locked storehouse of most valuable information to which cost system is the .
Cost accounting provides detailed information about .................................of various products, processes, services and operations.
Unsuccessful research expenditure should be ......................... cost accounts.
.........................Accounting is not only a positive science but also a normative science because it includes techniques of budgetary controland standard costing.
If the amount of work certified is less than ......... of the contract price, then no profit should be taken to Profit & Loss Account.
When actual loss is less than the estimated loss, the difference between the two is considered to be
When the actual loss is more than the estimated loss, the difference between the two is considered to be ..
Under step method of re-apportionment of costs of service departments, the cost of last service department is apportioned only to the ..