Which of the following best describes a fixed cost?

Related MCQs

• What term best describes the use of both financial and non-financial measures in assessing whether an entity has achieved its objectives?
• Which of the following cost classification categories is almost identical to a relevant cost?
• Upstream cost, Down stream cost etc., are the concepts in---------------.
• ----------is the cost attribution to the cost unit on the basis of benefits received from indirect activities.
• ---------- cost is also known as hypothetical or notional cost.
• The formula for calculating the fixed overhead volume variance is:
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• Which of the following is the best explanation of the relevance of equivalent production units in process costing?
• Which of the following is / are the method of establishing ‘target cost’?
• Standards that can be attained only under the best circumstances are referred to as: