The problems associated with marginal costing are

Related MCQs

• The valuation of stock in marginal costing as compared to absorption costing is
• Managers utilizes marginal costing for
• Which of the following are advantages of marginal costing?
• Given production is 1,00,000 units, fixed costs is Rs 2,00,000 Selling price is Rs 10 per unit and variable cost is Rs 6 per unit. Determine profit using technique of marginal costing.
• The essence of marginal costing is that ……………… cost is considered on the whole as separate.
• The following information belongs to John Manufacturing Company that uses a standard costing system: • Basic wage rate:Rs.12 per hour • Fringe benefits: Rs. 2 per hour • Basic time: 2 hours per unit • Allowance for down time: 0.3 hours per unit • Allowance for brakes: 0.2 hours per unit Based on the above information, what is the standard direct labor cost per unit?
• Standard Costing specifically relates to the function of
• Which of the following does not help to minimize the problems encountered in budgeting?
• A situation in which a decision maker knows all of the possible outcomes of a decision and also knows the probability associated with each outcome is referred to as