QN1. Costing is a technique of (a) Ascertainment of cost. (b) Ascertainment of expenditure. (c) Ascertainment of revenue. (d) Control of cost. (e) Both (a) and (d). AnswerAnswer: (a) Ascertainment of cost. QN2. The method of costing used in refinery is (a) Job. (b) Process. (c) Standard. (d) Contract. AnswerAnswer: (b) Process. QN3. In automobile…
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