…………cost is defined as the aggregate of variable costs or prime costs plus variable overheads.

Related MCQs

• Marginal cost is the aggregate of prime cost and ……………….
• ………….cost represents the amount of any given volume of output by which aggregate costs are changed if the volume of output is increased by one unit.
• Prime costs may be defined as
• Given sales = 150000, Fixed costs = 30000, Profit = 40000.The variable cost is………….
• Marginal cost and differential cost are the same when ……..costs do not change with change in output
• Net profit earned plus non working capital expenses is equal to …………..
• 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
• ………………is the practice of charging all costs, both variable and fixed, to operations, processes, or products
• …………..costs are the increase or decrease in total cost that result from producing additional or fewer units or from the adoption of an alternative course of action.