If difference in costs is $7000 and difference in machine hours of is $18000, then slope coefficient would be
A. 2.571
B. 0.39
C. 0.2571
D. 3.39
Answer: Option B
Solution(By Examveda Team)
Slope coefficient = Difference in costs ÷ Difference in machine hours= $7000 ÷ $18000 = 0.39
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