.....................…………is the smallest segment of activity or area or responsibility for which costs are accumulated.

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.
• ……….budget gives differentbudgeted costs for different levels of activity.
• ……………………are costs which have been applied against revenue of particular accounting period.
• In................................ each job is a cost unit to which all costs are assigned.
• In ……………………costing where standardized goods or services result from a sequence of repetitive and more or less continuous operations to which costs are collected and averaged over the units produced during the year:
• 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…………………..