In marginal costing valuation of stock of work in progress is done on the basis of
A) Market cost
B) Marginal cost
C) Product cost
D) Cost price
Correct Answer:
Verified
Q12: The job costing each job is a
Q13: Job costing can be used in industries
Q14: The loss incurred on an incomplete contract
Q15: Contract costing is a basic method of
A)Specific
Q16: In cost-plus contract, the contractor will get
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
Q21: Stock of work in progress and finished
Q22: In the marginal costing method, the actual
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