helps in ascertaining costs beforehand.

Related MCQs

• .......................Under marginal costing, …………… costs are treated as period costs and charged to profit and loss account for the period for which they are incured.
• ….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.
• Variable costs change..................................with change in output.
• Out of pocket costs involve payment to …………………