If the amount of work certified is less than…......... of the contract price, then no profit should be taken to Profit & Loss Account.
A) 20%
B) 25%
C) 33 1/3%
D) 40%
Correct Answer:
Verified
Q14: Economic Batch Quantity depends on...........................and…………..costs.
A)material, labour
B)set-up costs,
Q15: The .....................costing is applied when a quantity
Q16: The loss incurred on an incomplete contract
Q17: When the completion stage of the contract
Q18: When the completion stage of a contract
Q20: Contract costing is not used in one
Q21: The sum of value of work certified
Q22: ….is the most suitable method in a
Q23: Room/day is the cost unit used in…………………
A)hotels
B)hospital
C)schools
D)none
Q24: Maintenance charges are in the nature of..............................expenses.
A)fixed
B)variable
C)semi-variable
D)none
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