Variable Cost per Unit

Related MCQs

• Batch costing is a form of specific order/job costing where the cost per unit is ascertained by _________ the total cost of a batch by the number of items produced in that batch.
• A statement prepared to provide detailed cost of a cost centre or cost unit is
• Fixed cost per unit …………………… with rise in output and …………… with fall in output.
• Fixed cost per unit …………………….with increase in output.
• The cost per unit that increases or decreases when the volume of output decreases or increases is known as
• Cost centre and cost unit are……………………
• The cost which is to be incurred even when a business unit is closed is a ____ cost.
• The cost of labour which is directly engaged in production work and can be conveniently identified to a job, process or cost unit is
• The budgeted cost of electricity is Rs. 62,500 for 5,000 units of production per month and Rs. 71,500 for 6,200 units of production per month. If the company manufactures 6,900 units in the month of May 2014, the budgeted amount of electricity for the month is
• ABC ltd. uses the following flexible budget formula to annual maintenance cost: Total cost = Rs. 6720 + Rs. 0.64 for machine hour The current month's budget is based on 20,000 hours of planned machine time. The maintenance cost included in this flexible budget for the current month is