.......................Under marginal costing, …………… costs are treated as period costs and charged to profit and loss account for the period for which they are incured.

Related MCQs

• In process costing, the abnormal loss is treated as .............. cost and written off to profit & loss account.
• .............……….process loss should be transferred to costing profit & loss account.
• Under marginal costing, stocks of finished goods and work-in-process are valued at …………….. costs only
• One of the primary differences between marginal costing and absorption costing regarding the treatment of .
• The method of costing applied in biscuit industries is...................costing and in steel industry…............. costing.
• Marginal costing is a …………… of costing
• Absorption costing differs from marginal costing is the .
• When the completion stage of the contract is more than half, the profit to be credited to Profit and Loss account will be equal to…………..
• If the amount of work certified is less than…......... of the contract price, then no profit should be taken to Profit & Loss Account.
• Production cost under marginal costing includes .