Marginal cost and differential cost are the same when ……..costs do not change with change in output

Related MCQs

• 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, ……… Costs are regarded as costs of the products.
• ………….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.
• Marginal cost is the ……….cost of producing an additional unit of output
• ………………..cost remains constant per unit of output irrespective of the level of output and thus fluctuates directly in proportion to changes in the volume of output
• …………cost is defined as the aggregate of variable costs or prime costs plus variable overheads.
• Under marginal costing, stocks of finished goods and work-in-process are valued at …………….. costs only
• Marginal cost is the aggregate of prime cost and ……………….
• The essence of marginal costing is that ……………… cost is considered on the whole as separate.
• ………………..is the excess of sales over marginal cost of sales