Cost and Managerial Accounting Paper 16

Under Merrick’s multiple piece rate system, 120% of the ordinary piece rate is given to workers whose level of performance is between ______________ of the standard output.

Basis of apportionment of stores service expenses is ______________

Machine hour rate is obtained by dividing the total running expenses of a machine during a particular period by the ______________

Expenses incurred during production other than direct materials and direct labour are called ______________ factory expenses; those charged to production on estimated basis are called ______________

Salary paid to general manager is an item of ______________ expenses.

Warehousing cost is an item of

An automobile service unit uses ______________ costing.

Economic Batch Quantity depends on ______________ and ______________ costs.

When the completion stage of a contract is less than %, the total expenditure on the contract is transferred to ______________ account.

Room/day is the cost unit used in ______________