Fill in the Blanks

Verb does not connect with non-action. Only his father is there. This is because the subject of the sentence is the father, which is singular, thus, 'is' (the singular) form of the verb is to be used.

The cricket team is a singular collective noun.

"By post" is correct in the first blank. "At (this address)" is correct in the second.

Prerogative is an exclusive privilege or right exercised by a person or group of people holding a particular office or rank. 

A cost sheet is a statement that provides the details of the cost of production for a specific period, often used for internal management purposes rather than as part of the formal financial ledger.

Indirect costs cannot be traced directly to a specific product or cost object. They are typically allocated or apportioned to products using a base, such as machine hours or labor hours.

Direct costs are those that can be easily and accurately traced or identified with a specific product, service, or department. This direct traceability is the defining feature of direct costs.

Prime cost is the sum of all direct costs associated with production. It is calculated as Direct Material + Direct Labour + Direct Expenses.

Fixed costs are often referred to as period costs because they are incurred based on the passage of time rather than the level of production activity. They remain constant regardless of output volume within a relevant range.

A loss is a decrease in ownership equity that arises from peripheral or incidental transactions, or from other events and circumstances affecting the entity, for which no compensating value is received.

Semi-variable costs contain both a fixed component (which remains constant regardless of activity) and a variable component (which changes in proportion to activity levels).

A cost unit is a unit of product, service, or time in relation to which costs may be ascertained or expressed.

Direct costs are those that can be conveniently and economically identified with a specific cost unit or cost center.

Direct materials are raw materials that become an integral part of the finished product and can be easily traced to it. Sugar cane is the primary raw material for sugar production.