Choose the correct statements from the following: (1) All the indirect taxes are added to the purchase price of material (2) Trade and cash discounts are deducted from the cost of material (3) ABC analysis is a value bas
CS Executive · Cost and Management Accounting · PYQS · December 2016
Choose the correct statements from the following: (1) All the indirect taxes are added to the purchase price of material (2) Trade and cash discounts are deducted from the cost of material (3) ABC analysis is a value based system of material control (4) In the garment manufacturing, the cost of thread and buttons are indirect material costs. Select the answer from the options given below —
Answer & Explanation:
Correct Answer: Option (C)
Official answer key: (C).
Topics: Cost Accounting
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