…………..cost represents the increase or decrease in total cost which occurs with change in output.

Related MCQs

• Classification of cost into factory cost, administrative cost, selling & distribution cost and research and development cost is done on the basis of…………...
• ………………….. Cost per unit does not change with change in activity level
• Under……………… method of pricing issues, issues are valued at a price calculated by dividing the total cost of material in the stock by the total quantity of material in stock.
• The term…………………. is comprehensively used to include various aspects such as costing, cost accounting, cost control, cost audit and budgetary control.
• Every……………of cost is divided into direct cost and indirect cost.
• ………………cost is predetermined cost for each element of cost.
• The cost that remains unchanged in spite of change in volume of production is known as………….
• The total of works cost and administrative overheads is known as …
• …………………is the total of prime cost and factory overheads.
• If the total cost of a product is Rs.25, 000/- and the sales figure is 47,000/-, then the product is in…………by Rs.22, 000/-.