Complete the material consumed line
Exercise and reference answers
- Missing parts
- Answer
- Opening
- Choices
- Closing
- Opening
- Average
- Answer
- plus
- Choices
- plus
- minus
- times
- Answer
- minus
- Choices
- plus
- minus
- divided by
- Complete the statement
- Direct materials consumed = {0} stock of material {1} purchases {2} closing stock of material.
- Instructions
- Tap a word into each blank to finish the formula.
Explanation
_Source: ICAI CA Inter Cost and Management Accounting, Ch6 'Cost Sheet', 6.3.1(i)_