The cost which is to be incurred even when a business unit is closed is a ____ cost.

Related MCQs

• Such expenses which are included (even though they are not incurred) for taking managerial decisions are called………………
• A statement prepared to provide detailed cost of a cost centre or cost unit is
• In a period Rs. 50,000 was incurred on indirect labour. In a Cost Ledger, the double entry will be:
• ……………….is the value of a benefit where no actual cost is incurred.
• An item of cost that is direct for one business may be …………..for another business.
• The cost of labour which is directly engaged in production work and can be conveniently identified to a job, process or cost unit is
• Cost centre and cost unit are……………………
• Batch costing is a form of specific order/job costing where the cost per unit is ascertained by _________ the total cost of a batch by the number of items produced in that batch.
• ……………..is the amount by which the absorbed overheads fall short of the actual amount of overheads incurred.
• Costs which are ascertained after they have been incurred are called