Question 1: Describe the methodology followed in the cost accounting with regard to food production.
Question 2: State the uses of categorization of cost into elements.
Question 3: Describe the cost control applied in the purchasing and storing of materials.
Question 4: How does material cost persuade the pricing decisions?
Question 5: Explain the control method applied to control the labor cost.
Question 6: Bring out the behavioral categorization of cost.
Question 7: How does cost report help in the managerial decision making?
Question 8: State the procedure of computing overheads and recovery rates.
Question 9: Explain the methods followed while pricing the issue of materials.
Question 10: What are the basic principles adopted while computing the unit in food production?