………………is the practice of charging all costs, both variable and fixed, to operations, processes, or products

Related MCQs

• …………cost is defined as the aggregate of variable costs or prime costs plus variable overheads.
• Under marginal costing, ……… Costs are regarded as costs of the products.
• Given sales = 150000, Fixed costs = 30000, Profit = 40000.The variable cost is………….
• Under marginal costing, …………… costs are treated as period costs and charged to profit and loss account for the period for which they are incurred
• When fixed costs are Rs.4000 and P/v ratio is 25%, then break even point will be …………..
• Fixed costs Rs.6000, Profit required Rs.4000 and P/v ratio is 50% , then sales required will be………….
• Both costs and revenues are measured in ………………… centers
• Variable cost ratio is 60% Sales Rs.20000 and fixed cst Rs.5000, then profit will be ……..
• ………………..is the technique and process of ascertaining costs
• Under marginal costing, stocks of finished goods and work-in-process are valued at …………….. costs only