Contract costing is a basic method of
A) Specific costing
B) Specific order costing
C) Economic batch costing
D) Economic order costing
Correct Answer:
Verified
Q10: ……………. is the most important budget
A)Master budget
B)Cash
Q11: ……………. forms the basis on which all
Q12: The job costing each job is a
Q13: Job costing can be used in industries
Q14: The loss incurred on an incomplete contract
Q16: In cost-plus contract, the contractor will get
Q17: In marginal costing valuation of stock of
Q18: In marginal costing selling price is based
Q19: The difference between selling price and marginal
Q20: Fixed expenses + profit=?
A)Contribution
B)Marginal cost
C)Prime cost
D)Variable cost
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