………..is the practice of charging all costs, both variable and fixed , to operations, processes, or products.

Related MCQs

• Cost accounting provides detailed information about .................................of various products, processes, services and operations.
• ................ costs are partly fixed and partly variable in relation to output.
• Given sales = 150000, Fixed costs = 30000, Profit = 40000.The variable cost is
• 1f` fixed costs decrease while variable cost per unit remains constant, the new B.E.P in relation to the old B.E.P will be .
• If fixed costs decrease while the variable cost per unit remains constant, the new contribution margin in relation to the old contribution margin will be .
• .......................Under marginal costing, …………… costs are treated as period costs and charged to profit and loss account for the period for which they are incured.
• 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:
• Variable costs change..................................with change in output.
• An increase in variable costs .
• ………expenses are partly fixed and partly variable.