………. is the cost incurred in the part has no effect on future decision making

Related MCQs

• Classification of cost into factory cost, administrative cost, selling & distribution cost and research and development cost is done on the basis of…………...
• The amount of expenditure incurred on, or attributable to, a specified thing or an activity or cost unit is known as
• The overhead cost incurred from the stage of procurement of raw material till the stage of production of finished goods is known as…… .
• The term…………………. is comprehensively used to include various aspects such as costing, cost accounting, cost control, cost audit and budgetary control.
• Every……………of cost is divided into direct cost and indirect cost.
• ………………cost is predetermined cost for each element of cost.
• Cost of leather used in shoe making is the example of direct………….
• …………..is the system of costing under which costs are determined after they have been incurred.
• The ………………include all types of expenses other than direct materials and direct labour which are incurred for a particular product or job.
• …………..cost represents the increase or decrease in total cost which occurs with change in output.