Match the following: (P) Certain percentage of profit over total cost of work 1. Escalation clause (Q) Safeguard against any likely changes in the price of material and labour 2. Cost plus contract (R) Entrusted to other
CS Executive · Cost and Management Accounting · PYQS · December 2016
Match the following: (P) Certain percentage of profit over total cost of work 1. Escalation clause (Q) Safeguard against any likely changes in the price of material and labour 2. Cost plus contract (R) Entrusted to other contractor for specialised work 3. Job costing (S) Cost first allocated to cost centres and then to individual work 4. Sub contract 5. Contract near to completion Select the correct answer from the options given below —
Answer & Explanation:
Correct Answer: Option (D)
Official answer key: (D).
Topics: Cost Accounting
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