A 'product' cost is a cost that is classified by:

Related MCQs

• A 'direct' cost is a cost that is classified by:
• ………. 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.
• The three basic elements of the cost of a manufactured product are:
• Sales commissions are classified as
• ………..is the process of accounting for cost which includes the application of cost control methods and ascertainment of profitability of activities
• Marginal cost and differential cost are the same when ……..costs do not change with change in output
• Marginal cost is the ……….cost of producing an additional unit of output
• Marginal cost is the aggregate of prime cost and ……………….
• The Branch of accounting concerned with collection, determining and controlling cost of products and services is called………………
• Cost Accounting and Management Accounting are ……………….. in nature.