………………..is the technique and process of ascertaining costs

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
• …………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.
• Under marginal costing, stocks of finished goods and work-in-process are valued at …………….. costs only
• Marginal cost and differential cost are the same when ……..costs do not change with change in output
• ………………is the practice of charging all costs, both variable and fixed, to operations, processes, or products
• 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
• ………….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.