……………….is the smallest segment of activity or area or responsibility for which costs are accumulated.

Related MCQs

• Under which method costs are collected & accumulated for each job: -
• Certain overhead costs cannot be directly charged to a department or cost centres. The process of distribution of such overhead costs to various departments is called
• …………………budget gives differentbudgeted costs for different levels of activity.
• Material costs which cannot be allocated but which are to be apportioned or absorbed by cost centres or cost units.
• Which of the following costs will vary directly with the level of production
• ……………………are costs which have been applied against revenue of particular accounting period.
• In …………………..each job is a cost unit to which all costs are assigned.
• In ……………………costing where standardized goods or services result from a sequence of repetitive and more or less continuous operations to which costs are collected and averaged over the units produced during the year:
• Costs which are ascertained after they have been incurred are called
• Hypothetical costs which are specially computed outside the accounting system for the purpose of decision making are called