Statement - I Production departments and service departments are equally important for manufacturing industry. Statement-II To calculate cost of a product, service department cost should be redistributed among production
CS Executive · Cost and Management Accounting · PYQS · December 2016
Statement - I Production departments and service departments are equally important for manufacturing industry. Statement-II To calculate cost of a product, service department cost should be redistributed among production department on a reasonable basis. Select the correct answer from the options given below —
Answer & Explanation:
Correct Answer: Option (A)
Official answer key: (A).
Topics: Cost Accounting
Related Questions in this Topic
- Which of the following is not included in cost accounts ?
- Besides the management, __________ and __________ are also benefitted in many ways by installing a good cost accounting ...
- Which of the following items is not included in Cost Accounts ?
- Cost Accounting is mostly __________ in its approach.
- Statement I: Although the Law of supply and demand to a great extent determine the price of an article, cost to the prod...