…………..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.

Related MCQs

• ………. Is the increase or decrease in total cost which results from producing or selling additional or fewer units of a product or from a change in the method of production or distribution such as the use of improved machinery, addition or exclusion of a product or territory or selection of an additional sales channel.
• Marginal cost is the ……….cost of producing an additional unit of output
• …………cost is defined as the aggregate of variable costs or prime costs plus variable overheads.
• Marginal cost and differential cost are the same when ……..costs do not change with change in output
• The overall net increase or decrease in working capital is found out by preparing…………………
• 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 angle caused by intersection of total cost line and total sales line
• An increase in current asset accompanied by the increase in current liabilities of the same amount will…………………
• ………….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.