Cost Accounting

Number of units produced

Prime cost

Conversion cost

Discount Allowed

Direct materials, direct labor and factory overhead

Direct materials and direct labor

Direct materials, direct labor, factory overhead, and administrative overhead

Direct labor and factory overhead

Stock ledger

Bin card

Material card

Purchase requisition card

Rent of factory + Head office rent + salaries to factory watchman

Rent of factory + factory lighting bill + Directors salaries

Rent of factory + factory lighting bill + Factory employees salaries

Head office rent + Factory property tax + Factory small tools

The ending inventory is greater than opening inventory

The ending inventory is less than opening inventory

Both ending and opening inventories are equal

Cannot be determined

Is treated as Opening inventory for current year

Is not carried forward to next year

Become expense in the next year

Charge to Profit and Loss account

Direct Material + Direct Labor + Other Direct Cost

Direct Labor + Other Direct Cost + FOH

Direct Labor + FOH

None of the given options

Normal Loss

Abnormal Loss

It is incremental loss

It cannot be abnormal loss

Entire Production

Cost of Goods sold

Net Profit

All of given options

Fixed cost

Variable cost

Step cost

Semi variable cost