COST ACCOUNTING
INTRODUCTION TO COST ACCOUNTING
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Litres were used to ascertain cost of ____
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Sugar
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Flour
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Cooking oil
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Petrol
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Explanation:
Detailed explanation-1: -If you take the distance travelled and divide that by 100 then multiply the result by the fuel consumption (l/100 km) and then multiply that by the current fuel price you will arrive at the cost of fuel for the journey.
Detailed explanation-2: -The retail selling price of petrol in India is based on a crude oil, OMC margin, transportation cost, freight costs, central government taxes, state government taxes, excise duty and other taxes. OMC Costs: Oil marketing companies refine crude oil into petrol and then sell it to the dealers.
There is 1 question to complete.