Cost of sales plus profit is _______.
A. selling price
B. value of finished product
C. value of goods produced
D. value of stocks
Answer: Option A
Solution(By Examveda Team)
Cost of sales plus profit is selling price.Related Questions on Costing
Basic objective of cost accounting is ________
A. tax compliance.
B. financial audit.
C. cost ascertainment.
D. profit analysis.
Process costing is suitable for ________.
A. hospitals
B. oil refing firms
C. transport firms
D. brick laying firms
The cost which is to be incurred even when a business unit is closed is a _____.
A. imputed cost
B. historical cost
C. sunk cost
D. shutdown cost
Join The Discussion