ExamVeda
Login
Home

If slope coefficient is 0 60 and difference in machine hours...

This question belongs to Commerce Costing
Costing
?

If slope coefficient is 0.60 and difference in machine hours is 50000, then difference in cost can be

Answer & Solution
Correct Answer: Option C
Slope coefficient = Difference in costs ÷ Difference in machine hours
Difference in cost = Difference in machine hours × Slope coefficient
= 50000 × 0.60 = $30,000
Examveda
Question posted by Examveda
Community

Join the Discussion

1 Comment
Ali GuL
Ali GuL 5 years ago
If we divide 50000/.60 Answer will be D $83333.3 please correct it
Keep Learning

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
Cost classification can be done in ________.
A. two ways B. three ways C. four ways D. several ways
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
More Related Questions on Costing