Production account is prepared as a _____——account.

Unit or output costing is termed as one _____ costing. When units of output are _____, unit costing may be adopted. The cost per unit is determined by dividing the total cost during a given period by _____ produced during the same period. Scrap may be of two kinds: (1) material scrap and (2) _____. Production account is based on _____ system. Production account is prepared as a _____——account. Sale value of _____—is deducted from the cost of raw materials consumed. Ratio of administration overhead to _____ cost is used to charge office overhead in quotations. Ratio of _____ to works cost is used to charge selling and distribution overhead in tenders.

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