Benefits Of Cost Accounting!

Cost accounting is the reporting and analysis of a ______ structure in a company.

Cost accounting helps in determining only the profit of the company.

Which of the following is the basic objective of cost accounting?

Overhead cost is the total of all the ______ costs.

Cost accounting was developed because of the limitations of the ________.

________ is a technique of using two or more costing methods for ascertainment of cost by the same firm.

Wages paid to labor who engaged in production activities are termed as _______ cost.

Cost accounting does not show the current stature of the company.

Classification of cost is useful in identifying _________.

If Cost accounting gets deviated, the chances of fraud can be detected.

Contract costing or Terminal costing is a variant of __________ Costing.

The cost of the product as determined under the standard cost system is ________ cost.

Selling and distribution expenses can be charged under __________ cost.

Fixed assets ratio is a __________ solvency ratio. 

This ratio measures the profit concerning capital employed.

Over absorption of overheads in Costing will affect Profit as per ________.

Interest on overdraft is less than net profit as per __________.

Notional Cost decreases __________profit.

The wage sheet is prepared by the Cost accounting department.

Is cost accounting a profession?