Notional costs

Related MCQs

• 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
• Which of the following costs will vary directly with the level of production
• ……………….helps in ascertaining costs beforehand.
• ………..is a post mortem of past costs.
• Sunk costs are ………………. for decision-making
• Period costs charged to……………….
• Standard costs is…………………..
• ……………………are costs which have been applied against revenue of particular accounting period.
• ……………….is the smallest segment of activity or area or responsibility for which costs are accumulated.
• ……………costs are partly fixed and partly variable in relation to output.