Cost Book Keeping Quiz 1 (3 MCQs)

Quiz Instructions:

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1. What is a record of total actual expenditure incurred on indirect costs and the amount absorbed intoindividual units, jobs or processes known as?

2. In a typical cost ledger, what is the correct double entry for indirect labour cost incurred?

3. Which one of the following may be included in the cost accounts but excluded from the financialaccounts?