The essence of marginal costing is that ……………… cost is considered on the whole as separate.

Related MCQs

• Marginal costing is a …………… of costing
• Marginal cost and differential cost are the same when ……..costs do not change with change in output
• Marginal cost is the ……….cost of producing an additional unit of output
• Marginal cost is the aggregate of prime cost and ……………….
• Under marginal costing, ……… Costs are regarded as costs of the products.
• Under marginal costing, …………… costs are treated as period costs and charged to profit and loss account for the period for which they are incurred
• Under marginal costing, stocks of finished goods and work-in-process are valued at …………….. costs only
• ………………..is the excess of sales over marginal cost of sales
• ………..is the process of accounting for cost which includes the application of cost control methods and ascertainment of profitability of activities
• A 'direct' cost is a cost that is classified by: