Under marginal costing, stocks of finished goods and work-in-process are valued at …………….. costs only

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.
• Under marginal costing stock are valued at .
• 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 .
• Where raw material is to pass certain stages, before it is converted into finished goods, the method of costing used is…………………
• 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:
• Production cost under marginal costing includes .
• The principle types of inventories are raw materials and ,…............and finished goods