In which type of contract, the contractee agrees to pay the cost of work done plus a percentage of overhead and profit
A) Fixed price contract
B) Cost plus contract
C) Fixed price contract with exclalation or de-exclalation
D) Completed contract
Correct Answer:
Verified
Q14: Production order costing is also known as
A)Job
Q15: Under job costing, on what basis production
Q16: The limitations of job costing are ;
A)Expensive
B)More
Q17: ………………..is a modified form of job costing
A)Process
Q18: Select suitable examples for batch costing
A)Radio set
B)Component
Q19: EBQ stands for
A)Economic Order Quantity
B)Economic Batch Order
C)Economic
Q20: EBQ =
A)2CO/l
B)2DS/IC
Q21: What is the purpose of calculating EBQ
Q23: Contract account is a form of ………………….
A)Nominal
Q24: The portion of value of work that
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