What is the purpose of cost accounting?

		To calculate the value of goodwill
		To give a true and fair view of a company s financial situation
		To value the contribution made by a firm s workforce
		To aid decision making

Under-applied Factory Overhead shall be

		Added to Cost of goods sold
		Subtracted from Cost of goods sold
		Needs no treatment
		None of the above

Which of the following cost will not change with the change in activity level?

		Electricity
		Factory Rent
		Direct Labour
		Direct Material