In contract costing, which of the following provides safeguard against any fluctuation in the prices of material, labour, etc. —

CS Executive · Cost and Management Accounting · PYQS · June 2015
In contract costing, which of the following provides safeguard against any fluctuation in the prices of material, labour, etc. —
(A) Pricing clause
(B) Exclusion clause
(C) Arbitration clause
(D) Escalation clause.

Answer & Explanation:

Correct Answer: Option (D)

Official answer key: (D).

Topics: Contract Costing

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