Q1. Illustrate the meaning of semi variable costs?
Q2. Differentiate between the job costing and contract costing.
Q3. In brief describe the method of Cost Accumulation. describe how it is distinct from the Cost Assignment?
Q4. Illustrate the significance of Cost Drivers in the Activity-Based Costing (ABC).
Q5. Illustrate the meaning of notional costs? prepare down two illustrations of notional costs.
Q6. describe with illustration the significance of safety stock level of petrol in a petrol pump.
Q7. Differentiate between the cost apportionment and overhead absorption.