Under marginal costing, …………… costs are treated as period costs and charged to profit and loss account for the period for which they are incurred

Related MCQs

• Under marginal costing, ……… Costs are regarded as costs of the products.
• Under marginal costing, stocks of finished goods and work-in-process are valued at …………….. costs only
• Marginal costing is a …………… of costing
• ……………..is the process of identifying the financial strengths and weakness of the firm by properly establishing relationship between the items of balance sheet and Profit and Loss Account
• The essence of marginal costing is that ……………… cost is considered on the whole as separate.
• The Profit/Volume ratio or marginal ratio expresses the relation of ………… to sales.
• Marginal cost and differential cost are the same when ……..costs do not change with change in output
• Given sales = 100000, Profit = 10000 , variable cost = 70%.The sales required to earn a profit of Rs.40000 is ………………………
• Fixed costs Rs.6000, Profit required Rs.4000 and P/v ratio is 50% , then sales required will be………….
• Given sales = 150000, Fixed costs = 30000, Profit = 40000.The variable cost is………….