Comparing actual job costs with budget gives what for each phase?
ADepreciation charge
BCost variances
CInterest charge
DAbsorption rate
Answer & Solution
Correct answer: B. Cost variances
The gap between actual and budgeted cost for a phase is its variance.
Keep practising Job Costing
Browse all Job Costing questions for CA Inter, or explore more Cost and Management Accounting topics.
Related questions
Cost accounting is mainly concerned with information for whom?How does factory rent behave as output changes?Depreciation of factory equipment is classed as which overhead?How are indirect costs assigned to cost objects?Lubricants used to keep machines running are classed as what?Which of these is a direct material?Cost-plus pricing is uncommon in which kind of market?The markup in cost-plus pricing is meant to give what?